ViM2.4 Intermediate: Product cost calculation. From the information given below you are required to: (a) Prepare a standard cost sheet for one unit and enter on the standard cost sheet the costs to show sub-totals for: (i) prime cost; (ii) variable production cost; (ili) total production cost; (iv) total cost. (b) Calculate the selling price per unit allowing for a profit of tocopying 15 per cent of the selling price. im 2.4 (b) Question: The following data are given Budgeted output for the year 9800 Units Standard details for one vni: Diact mateials 40 svore mttres at s 5.30 per squa re meter Direet wages Ponding dept 48hrs C 12.5 per hour Fihishing dept: 30hrs1.6 pr hour