Apple Inc. is producing three types of devices: iPhone, iPad, and MacBook. The following information is provided:

• iPhone:
  • Direct Materials: $50,000,000
  • Direct Labor: $30,000,000
  • Overhead Rate: 110%
• iPad:
  • Direct Materials: $30,000,000
  • Direct Labor: $20,000,000
  • Overhead Rate: 120%
• MacBook:
  • Direct Materials: $70,000,000
  • Direct Labor: $40,000,000
  • Overhead Rate: 130%

Requirements:

1. Calculate the total manufacturing cost for each device.
2. Determine the total overhead applied to each job.
3. Prepare a Job Cost Sheet for each device.
4. Compute the cost per unit if Apple produces 500,000 iPhones, 300,000 iPads, and 200,000 MacBooks.
5. Prepare a Balance Sheet reflecting these job costs.