Calculate the Daily Rate of Maintenance Fluids and the Hourly

question 20

Multiple Choice

Calculate the daily rate of maintenance fluids and the hourly flow rate for a child who weighs 13 kilograms.

• A)1150 mL per day; 47.9 mL/h
• B)130 mL per day; 5.4 mL/hr
• C)650 mL per day; 27 mL/hr
• D)260 mL per day; 10.8 mL/hr

Understand the concept of a forward contract and its use in hedging foreign currency risk.

Identify and differentiate between cash flow hedges and fair value hedges.

Prepare journal entries related to foreign currency transactions and hedge accounting.

Analyze the impact of changes in exchange rates on the financial statements.

---

Definitions:

Break-Even Point in Units

The point at which sales volumes result in no profit or loss, calculated by dividing fixed costs by the contribution margin per unit.

Unit Fixed Cost

The fixed cost associated with manufacturing one unit of a product, which remains constant regardless of the number of units produced.

Unit Variable Cost

The variable cost associated with producing one unit of product, including materials, labor, and other costs that vary with production volume.

Variable Costing

A bookkeeping approach that incorporates solely variable production expenses such as direct materials, direct labor, and variable manufacturing overhead into the costs of products, while omitting fixed overhead.