Q1 June 15 exam

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May 22, 2019 at 1:42 pm #516858
mks2016
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Hi,

I don’t understand the working for variable costs for year 1 onwards how do they get 19,471?

Thanks
May 22, 2019 at 3:09 pm #516883
John Moffat
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According to the question, the current variable costs are YR15,960 and they are to increase by the country’s annual inflation, which is 22% in the first year.

15,960 x 1.22 = 19,471
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