Apple Inc. produces two types of products, iPhone and iPad. The following cost data pertains to these products:

Item	iPhone	iPad
Direct Material	$200/unit	$300/unit
Direct Labor	$50/unit	$70/unit
Overhead	150% of direct labor cost	120% of direct labor cost

Additional Information:

• Production for iPhone: 50,000 units
• Production for iPad: 30,000 units

Requirements:

1. Calculate the total cost for iPhone and iPad.
2. Determine the cost per unit for each product.
3. Prepare a cost sheet for both products.
4. Analyze the cost structure and suggest which product is more cost-effective.