AA 05-1 Company Analysis LO P2 Apple offers extended service contracts that provide repair coverage for its products. Assume Apple charges $160 to repair an iPhone screen and $400 for other repairs. Services are provided in a ratio of 2 screens to 1 other repair (2:1). Variable costs are 40% of selling price for iPhone screen repairs and 48% of selling price for other repairs. Assume fixed costs are $2 billion per year for the repair services department Required 1. Compute the selling price per composite unit for Apple's repair services. 2. Compute the variable cost per composite unit for Apple's repair services. 3. How many composite units must Apple's repair services department sell each year to break-even? 4. At the break-even level, how many screen repairs and other repairs will Apple complete each year? Complete this question by entering your answers in the tabs below. nces Req 1 and 2 Req3 Reg 4 1. Compute the selling price per composite unit for Apple's repair services. 2. Compute the variable cost per composite unit for Apple's repair services. 1. Selling price per composite unit 2. Variable costs per composite unit Req 1 and 2 Req3 Req 4 How many composite units must Apple's repair services department sell each year to break-even? Break-even point in composito units