DLSU: ACYCST1 ONLINE LEARNING, TERM 2 AY2021-2022

STUDENT-LED GROUP ACTIVITY 1: NATURE AND SCOPE OF COST ACCOUNTING (ADAPTED)

RESEARCH AND APPLICATION: ACTIVITY1

The questions in this exercise are based on APPLE COMPANY (www.apple.com). To answer the
questions, you will need to type or go to https://investor.apple.com/investor-relations/default.aspx
Investors Updates and choose View the Form 10-Q to download the Apple Company’s Form 10-
Q quarterly ended March 27, 2021. You do not need to print the document to answer the following
questions:

1. What is Apple Company’s strategy for success in the marketplace? Does the company rely
primarily on leadership or differentiated strategy? What evidence support your conclusion?
2. Is Apple Company a merchandiser of a manufacturer? What information contained in Form
10-K support your answer.
3. List two cost objects for Apple Company. For each cost object, mention one example of a
direct cost and an indirect cost.
4. Describe some of the various types of operating expenses incurred by Apple Company. Why
are these expenses treated as period cost?
5. What business risk does Apple Company face that may threaten its ability to satisfy
stakeholders expectations?

nd
Garrison, R.H., Noreen, E.W., Brewer, P.C., Cheng, N.S., & Yuen, K.Y. (2015). Managerial Accounting, An Asian Perspective. (2 ed.). McGraw-Hill
th
Horngren, C., Datar, S. & Rajan, M. (2015). Cost Accounting: A Managerial Emphasis, (15 ed.). Pearson Education, Inc.