Calculate the total manufacturing cost per iPhone using job costing principles.

Allocate indirect manufacturing overhead costs based on direct labor hours.

Analyze the cost per unit for different iPhone models (e.g., iPhone 13, iPhone SE).

Conduct a variance analysis comparing budgeted and actual costs.

Recommend cost-saving strategies to optimize iPhone production costs.

Cost Components for iPhone Production:

Cost Type	Annual Amount ($) per Year
Direct Materials	1,200,000,000
Direct Labor	800,000,000
Indirect Manufacturing Overhead	400,000,000
Total Fixed Costs	500,000,000
Production Volume (units per year)	50,000,000