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December 2018 Q3a

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › December 2018 Q3a

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Ken Garrett.
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  • April 21, 2021 at 2:34 pm #618398
    oara
    • Topics: 1
    • Replies: 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 Garrett
    Keymaster
    • Topics: 10
    • Replies: 9975
    • ☆☆☆☆☆

    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 invoiced

    However, 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$54,545

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