Accounting
Updated: 3/18/2021
Accounting

Storyboard Text

  • The traditional costing system for an iPhone includes materials such as: iron and aluminum
  • Each year when a new iPhone comes out, it takes about 400 steps to steps to assemble the iPhone, including polishing, soldering, drilling and fitting screws.
  • After about a year of hard work and manufacturing, the newest iPhone is ready to be sold.
  • For activity based costing, an iPhone uses this for decision making about final pricing of products.
  • For the newest iPhone, it costs about $490 to make
  • After manufacturing and making products, we sell iPhones at the Apple Store for about $700