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Given the following numbers from Webster Company, match the correct value with its appropriate term.Webster Company sells a product for $20.Unit cost information is as follows:
Webster normally produces 50,000 units and the fixed overhead rate is based on this amount.Fixed selling and administrative expense is $87,000.
-Variable cost per unit
Nominal Exchange Rate
The rate at which one country's currency can be traded for another country's currency, not adjusted for inflation.
Rand
The official currency of South Africa, symbolized as ZAR.
Trade Balance
A measure of a country's exports minus its imports, indicating whether a country is in a surplus or deficit trade position.
Imports
Goods or services brought into one country from another for sale, which can affect a nation's economy in various ways.
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