Apple Inc. manufactures electronic devices using mixed costing. In July 2030, the company incurs the following costs related to its production and distribution:

• Direct Materials: $120 million
• Direct Labor: $60 million
• Factory Overhead: $40 million
• Selling Expenses: $25 million
• Distribution Expenses: $15 million
• Indirect Labor: $20 million

Required:

• Classify each cost as direct, indirect, fixed, variable, or semi-variable.
• Calculate the total mixed costs for Apple Inc.
• Allocate indirect labor costs to production and distribution activities.
• Analyze the cost structure of mixed costing in electronics manufacturing.
• Prepare a mixed costing statement for Apple Inc.