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RJM Co manufactures several product, one of which is Product M.
Product M uses four different types of materials. The materials used and their prices, in 20X6 and 20X7, are as follows.
20X6 20X7 Kg $ per kg Kg $ per kg Material A 200 0.98 300 1.40 Material B 500 0.95 400 1.10 Material C 300 1.20 500 0.92 Material D 400 1.10 100 1.14
Task 1
Complete the table with the value of the price index for each material for 20X7 (with 20X6 as the base year) to the nearest whole number.
sir i am using bpp kit sir does question like that appear in exam in section the cover the topic index number because the index number is section a topicBudgeting questions can appear in Section B of the exam, and although forecasting techniques are listed separately in the syllabus, it is made clear that they can be asked as part of a Section B budgeting question.
I assume that you are happy with index numbers? If not then do watch my free lectures on index numbers.
The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.
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