The Following Table Shows the Number of U Between June 1, 2016, and July 1, 2016, the U

question 126

Multiple Choice

The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Australian dollar between June 1, 2016, and September 1, 2016: $$\begin{array} { l l l } \hline \text { Date } & \begin{array} { l } \text { U.S. Dollars Required } \\\text { to Buy } 1 \text { Mexican Peso }\end{array} & \begin{array} { l } \text { U.S. Dollars Required } \\\text { to Buy 1 Australian Dollar }\end{array} \\\hline \text { June 1,2016 } & 0.0536 & 1.351 \\\text { July 1,2016 } & 0.0537 & 1.328 \\\text { August } 1,2016 & 0.0541 & 1.311 \\\text { September 1,2016 } & 0.0520 & 1.317 \\\hline\end{array}$$
Between June 1, 2016, and July 1, 2016, the U.S. dollar ________ against the Mexican peso, and the U.S. dollar ________ against the Australian dollar.

• A) neither appreciated nor depreciated; neither appreciated nor depreciated
• B) depreciated; appreciated
• C) appreciated; appreciated
• D) depreciated; depreciated
• E) appreciated; depreciated

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Definitions:

Overhead Cost

Expenses related to the ongoing operation of a business that are not directly tied to producing goods or services, such as rent, utilities, and administrative salaries.

Activity Rates

Costs assigned to cost objects based on their use of activities, commonly used in activity-based costing.

Cost Pools

Aggregations of individual costs, often by department or service center, from which cost allocations are made.

Activity-Based Costing

An accounting method that identifies the activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.