The Data in the Table Above Shows the Consumption by Families

question 111

Multiple Choice

The data in the table above shows the consumption by families in an economy.The year 2015 is the reference base period.
-Based on the table above,the CPI for 2016 is

• A)102.5.
• B)105.1.
• C)5.0 per cent.
• D)98.5.
• E)100.

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Definitions:

Fixed Overhead Budget

A financial plan that estimates the fixed costs involved in producing a product or running a department for a specific period.

Fixed Overhead Volume

Analysis dedicated to assessing how changes in production volume impact fixed manufacturing overhead costs.

Variable Component

A part of cost or expense that fluctuates with changes in production volume or activity level.

Fixed Component

Part of a company's costs that do not change with the level of production or sales, such as rent, salaries, and insurance.