Refer to Table 8

question 42

Multiple Choice

$$\begin{array}{l}\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Antonio's Nominal } \\\text { Hourly Wage }\end{array} & \begin{array} { c } \text { Consumer Price } \\\text { Index }\end{array} \\\hline 2006 & \$ 8.40 & 201.6 \\\hline 2010 & \$ 9.05 & 218.1 \\\hline\end{array}\\\text { Table } 8.2\end{array}$$ Refer to Table 8.2.From 2006 to 2010,Antonio received a total of $0.65 in pay raises,and the CPI also increased as shown in the table.What was Antonio's real wage in 2006,if 2010 is used as the base year?

• A) $8.40.
• B) $9.05.
• C) $9.09.
• D) $8.37.

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Definitions:

Direct Labor-Hours

The amount of time spent by workers directly involved in manufacturing a product or delivering a service.

Raw Materials

The basic substances in their natural, modified, or semi-processed states used as inputs for manufacturing processes.

Selling and Administrative Expense

Costs related to the selling of products and the administration of a business.

Budgeted Unit Sales

The projected amount of sales in units that a company plans to achieve in a specific period.