Question
Apple has the following product line information for the current year. Some data are assumed. $ millions iPhone Services Sales $ 142,381 $ 46,291 Contribution
Apple has the following product line information for the current year. Some data are assumed.
| $ millions | iPhone | Services |
|---|---|---|
| Sales | $ 142,381 | $ 46,291 |
| Contribution margin | 68,343 | 33,330 |
Required: 1. Compute the contribution margin ratio for both product lines for the current year. 2. Which product line performed better based on contribution margin ratio?
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
