Business, 20.04.2020 20:46 Goodgirlkl12k

Apple reports the following net sales (in $ millions) by product line in its fiscal year 2017 annual report.

Product line 2017 Sales 2016 Sales
iPhone $141,319 $136,700
iPad 19,222 28,628
Mac 25,850 22,831
Services 29,980 24,348
Other 12,863 11,132

1. If Apple assigns overhead costs to product lines based on sales, which product line would be assigned the highest amount of overhead costs for 2017?
2. If Apple assigns overhead costs to product lines based on sales, which product line would be assigned the lowest amount of overhead costs for 2017?
3. Which of Apple’s product lines had the largest percentage increase in sales from 2016 to 2017?

Answers: 2

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Apple reports the following net sales (in $ millions) by product line in its fiscal year 2017 annual...

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