Problem:
Original Static Budget Actual Static Budget Variance (Actual - Static) Units 200,000 180,000 -20,000 Revenue $41,240 $37,476 ($3,764) Variable Costs: Materials Flash Memory 5,400 5,249 ($151) Application process 2,150 1,935 ($215) Chips - phone 2,810 2,529 ($281) Gyroscope 520 468 ($52) 8 other chips 14,190 12,643 ($1,547) Supplies and tools 12,507 11,305 ($1,202) Subtotal Materials $37,577 $34,129 ($3,448) Labor Assembly & packaging 2,622 3,092 $470 Shipping 212 191 ($21) Variable Costs (total) $40,411 $37,412 ($2,999) Fixed Costs (total) 729 736 $7 Total Costs $41,140 $38,148 ($2,992) Net Income $100 ($672) ($772). Using the static budget data from Exhibit 3, compute the budgeted price per unit of Apple iPhone 4. (Hint: budgeted price per unit = budgeted Revenue/total budgeted units) Enter the price per unit here. Please round the number to two decimal places. Enter a number without the dollar sign $.