Evaluate the cost-effectiveness of Johnson & Johnson's investment in pharmaceutical R&D using standard costing.

Requirements:

Calculate fixed costs associated with pharmaceutical research and development.

Determine variable costs per drug development project using standard costing.

Estimate the total cost per drug development initiative.

Analyze profitability and market potential for new drugs.

Recommend strategies to optimize cost efficiency and innovation in R&D.

Cost Components for Johnson & Johnson's Pharmaceutical R&D:

Cost Type	Annual Amount ($) per Year
Fixed R&D Costs	$2,500,000,000
Variable Costs per Project	$50,000,000
Total Projects Developed per Year	50