Answer:
the exchange rate between two different currency is 6 pesos per dollar
Explanation:
The computation of the exchange rate between two different currency is
= Unit cost of spam in Wiknam ÷ unit cost of spam in Ectenia
= 24 pesos ÷ 4 dollars
= 6 pesos per dollar
hence, the exchange rate between two different currency is 6 pesos per dollar
We simply applied the above formula so that the currency rate could come
And, the same is to be applied
Transaction taxes and Excise taxes are two types of consumption taxes
Answer:
Option (A) is correct.
Explanation:
Opportunity cost refers to the cost that is incurred by selecting some other alternative. It is the benefit that is foregone from the next best alternative.
Therefore, the opportunity of attending college is as follows:
(a) Salary amount that could have been earned from the job.
(b) Interest income from depositing money into savings account
(c) The satisfaction obtained from the business lunches.
(d) Opportunities that were sacrificed for attending college.
Answer:
(1) (i) Material A required = 216,000
(ii) Material B required = 36,000
(2) (i) $1,080,000
(ii) $648,000
Explanation:
(a) Production units = Sales + Closing Stock – Opening Stock
= 75,000 + 9,000 – 12,000
= 72,000 units
Material A required = Production units × Direct Material
= 72,000 × 3
= 216,000
Material B required = Production units × Direct Material
= 72,000 × 0.50
= 36,000
(b) Material A cost = Material A required × Cost per lb
= 216,000 × $5
= $1,080,000
Material B cost = Material A required × Cost per lb
= 36,000 × 18
= $648,000