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The following standard costs were developed for iPhones made at Apple Corporation: Materials: 4ft x $14.25 per foot $57.00 Direct Labor: 8hrs x $10 per

The following standard costs were developed for iPhones made at Apple Corporation:

Materials: 4ft x $14.25 per foot $57.00

Direct Labor: 8hrs x $10 per hour 80.00

Variable overhead: 8 direct labor hours x $8 per hour 64.00

Fixed overhead: 8 direct labor hours x $12 per hour 96.00

Total standard cost per unit $297.00

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