Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 26

Review Apple 's income statement in Appendix A and identify its revenues for the years ended September 28, 2013, September 29, 2012, and September 24, 2011. For the year ended September 28, 2013, Apple reports the following product revenue mix. (Assume that its product revenue mix is the same for each of the three years reported when answering the requirements.)

Required
1. Compute the amount of revenue from each of its product lines for the years ended September 28, 2013, September 29, 2012, and September 24, 2011.
2. If Apple wishes to evaluate each of its product lines, how can it allocate its operating expenses to each of them to determine each product line's profitability
Fast Forward
3. Access Apple's annual report for a fiscal year ending after September 28, 2013, from its website ( Apple.com ) or the SEC's EDGAR database ( www.SEC.gov ). Locate its table of "Net Sales by Product" in the footnotes. How has its product mix changed from 2013