Problem:
Exhibit 1 Standard Variable Costs for iPhone 4 (U. S. Dollars) Bill of Materials (per unit) Purchased Chips Flash Memory (Samsung) $27.00 Application processor (Samsung) $10.75 Chip for phone calls (Infinion) $14.05 Gryoscope (STMicroelecronics) $2.60 8 other purchased chips $70.95 $125.35 Variable supplies and tools $62.54 $187.89 Labor Assembly and packaging (per unit) $13.11 Shipping $1.06 $14.17 $202.06 Total Variable Cost per unit Exhibit 2 Budgeted Fixed Overhead per Month Factory Rent $400,000 Machine depreciation $150,000 Utility fee and local taxes $52,000 Supervision $127,000 Monthly fixed costs $729,000 Using the standard variable cost data from Exhibit 1, compute the total variable cost per unit of Apple iPhone 4. The variable cost should include all materials, labor and shipping costs. Enter the total variable cost per unit here. Please round the number to two decimal places. Enter a number without the dollar sign $.