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Apple reports the following net sales (in $ millions) by product line in its fiscal year 2017 annual report. Product line iPhone iPad Mac Services
Apple reports the following net sales (in $ millions) by product line in its fiscal year 2017 annual report. Product line iPhone iPad Mac Services Other 2017 Sales $141,319 19,222 25,850 29,980 12,863 2016 Sales $136,700 28,628 22,831 24,348 11,132 Required: 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? asing Ourswers in the
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