Assess the cost-effectiveness of Intel’s investment in chip production using standard costing.

Cost Components	Fixed Costs ($)	Variable Costs per Unit ($)	Production Volume (units)
Chip Production	12,000,000,000	50	50,000,000

Requirements:

Calculate the total project cost using standard costing principles.

Determine the break-even point for chip production.

Analyze the impact of technological advancements on unit costs.

Conduct a sensitivity analysis on market prices for chips.

Provide recommendations for optimizing standard costing in chip production.