Intel Corporation is producing three types of processors: i3, i5, and i7. The following cost information is available:

• i3 Processor:
  • Direct Materials: $10,000,000
  • Direct Labor: $5,000,000
  • Overhead Rate: 150%
• i5 Processor:
  • Direct Materials: $20,000,000
  • Direct Labor: $10,000,000
  • Overhead Rate: 140%
• i7 Processor:
  • Direct Materials: $30,000,000
  • Direct Labor: $15,000,000
  • Overhead Rate: 130%

Requirements:

1. Calculate the total manufacturing cost for each processor.
2. Determine the total overhead applied to each job.
3. Prepare a Job Cost Sheet for each processor.
4. Compute the cost per unit if Intel produces 1,000,000 units of i3, 800,000 units of i5, and 500,000 units of i7.
5. Prepare a Balance Sheet reflecting these job costs.