The ratio of costs to revenues can indicate opportunities for activity-based costing to increase efficiency and reduce costs. Refer to Apple’s and Google’s 2017 income statements in Appendix A to answer the following. Required: 1. For Apple, compute the ratio of costs (titled as cost of sales plus operating expenses) to net sales for 2017. 2. For Google, compute the ratio of costs (titled as total costs and expenses) to revenues for 2017. 3. Which company has the higher ratio of costs to revenues for 2017?

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost