An iPhone 5 was dropped and the screen cracked, along with a very minor dent on the metal band. The phone was suffering from a slightly unresponsive home button prior to the accident. So paying $150 for a replacement screen is fine. However, what other options are there, if any, for a replacement handset? The minor dent isn't really an issue but the home button issue is, and I can see Apple charging another $100 to fix that given the warranty is voided because of a cracked screen.
You can get the whole phone replaced for about $250 (I forgot the exact price) It isn't related to warranty, so even with an expired warranty, your phone would be replaced.
Out-of-Warranty Service Fees: iPad mini, all models: $219 iPad 4th generation, all models: $299 iPad 3rd generation, all models: $299 iPad 2, all models: $249 iPad, all models: $249 iPhone 5, all models: $229 iPhone 4S, all models: $199 iPhone 4, 3GS, 3G, and original, all models: $149