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Company: Apple Inc. Cost Element Amount ($) Direct Materials $800,000 Direct Labor $600,000 Manufacturing Overhead $400,000 Other relevant information: Units produced: 20,000 Selling price per

Company: Apple Inc.

Cost Element

Amount ($)

Direct Materials

$800,000

Direct Labor

$600,000

Manufacturing Overhead

$400,000

Other relevant information:

    • Units produced: 20,000
    • Selling price per unit: $1,000
    • Selling and administrative expenses: $500,000

Additional Values:

    • Tax Rate: 25%

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