Standard costing

K Ltd makes two products. Information regarding one of this products is given below Budgeted output sales 900 units Standerd cost details for one unit Direct materials :40 square meters at 5.30 per square metere Direct wages: Bonding department: 24 hours at $5 per hour Finishing department 15 hours at $4.80 per hour Variable overhead: $1.50 per bonding labour hour and $1 per finishing labour hour Fixed production overhead :$36000 Fixed non production overhead : 27000 Note: variable overheads are recovered/absorbed using hours, fixed overheads are recovered on a unit basis Required : Prepare a standard cost card for one unit and enter on the Standerd cost card the following subtotals 1 Prime cost 2 Variable production cost 3 Total production cost 4 Total cost B) calculate the selling price per unit allowing for a profit of 25% of the selling price