December 2018 Q3aForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › December 2018 Q3aThis topic has 1 reply, 2 voices, and was last updated 3 years ago by Ken Garrett.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts April 21, 2021 at 2:34 pm #618398 oaraParticipantTopics: 1Replies: 1☆Based on the answer for the cost of imported materials, why is it multiple by 2 to get D$ April 21, 2021 at 4:40 pm #618429 Ken GarrettKeymasterTopics: 10Replies: 10544☆☆☆☆☆Looking just at Red (other products similar) and imported costs:At the current exchange rate (D$1·00 = K$2·00) 50 % of costs are imported:50,000 x D$ 2.4/2 = 60,000. At current rates this represents 2 x 60,000 = K$120,000 being invoicedHowever, if the exchange rate moves to D$1·00 = K$2·20, these costs when converted will be D$1·00 = K$2·20 so:120,000/2.2 = D$54,545AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In