Apple Inc. is analyzing its COGS for a new iPhone model production:

Requirements:

• Calculate the COGS using the formula: COGS = Components Cost + Manufacturing Labor + Allocated Operational Costs.
• COGS Table with the following values:
  • Components Cost: $400,000,000
  • Manufacturing Labor: $150,000,000
  • Allocated Operational Costs: $50,000,000

• Recommend strategies to reduce COGS by 8% through efficiency improvements.
• Explain how reducing COGS aligns with Lean principles in technology manufacturing.
• Present a financial projection demonstrating potential cost savings for Apple.

COGS Table:

Category	Amount ($)
Components Cost	$400,000,000
Manufacturing Labor	$150,000,000
Allocated Operational Costs	$50,000,000
Total COGS	$600,000,000