1) If iPhone is the cost object, then the depreciation of the equipment solely used to manufacture iPhone is:

a)product and direct cost

b)product and indirect cost

c)period and direct cost

d)period and indirect cost

2) Glacier sells three varieties of ice cream: strawberry, chocolate, and vanilla. The contribution margin of each pint is $1.6 (strawberry), $2 (chocolate), and $2.2 (vanilla). Glacier's sales mix is 25% (strawberry), 45% (chocolate), and 30% (vanilla). Whats the weighted average contribution margin for each pint of ice cream?

a) $1.91

b)$1.96

c)$2.01

d)$2.06