Chapter 24, Problem 1BTN

To determine

Introduction:

Product revenue mix is a calculation that determines the proportion of sale of each product in business relative to the total sales and it varies from product to product. In this particular question, the product revenue mix proportion is given to calculate the revenue from the product:

$\text{Revenue from product line = Total revenue × Percentage of product line mix}$

To calculate:

1. The amount of revenue from each product line for the three years reported.

2. Allocation of operating expenses based on the sales contributed by each product.

3. Change of revenue product mix from year 2015 to 2016 as per Apple.com website.