The Following Table Shows the Number of Various Foreign Currencies

question 137

Multiple Choice

The following table shows the number of various foreign currencies required to buy a U.S. dollar on April 12, 2008, and April 12, 2013. Use this table to answer the questions that follow.

-Between April 12,2008,and April 12,2013,the price of a U.S.postage stamp increased from $0.41 to $0.46.The price of a U.S.postage stamp has increased approximately ________ in terms of Japanese yen and ________ in terms of British pounds.

• A) 10%; 10%
• B) 10%; 44%
• C) 0%; 44%
• D) 0%; 28%
• E) 9%; 31%

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Definitions:

Labour Rate Variance

The difference between the actual cost of labor and the expected (standard) cost, indicating efficiency in labor utilization.

Variable Overhead Efficiency Variance

The difference between the actual hours worked to produce an item and the standard hours expected, multiplied by the variable overhead rate.

Direct Labour Efficiency Variance

The difference between the expected hours to produce a specific number of units and the actual hours used.

Direct Material Used

Direct material used involves the consumption of raw materials that are transformed into and directly identifiable with the finished product in the manufacturing process.