Use the Wise Indian rupee card to spend in Indian currency. Indian coins come in 1, 2, 5, 10 rupee and 50 paisa. Show how the solution will change if the following information changes: the selling price and direct-material cost per unit are $ 16.00 \$ 16.00 $16.00 and $ 4.50 \$ 4.50 $4.50, respectively. You’ll find Indian banknotes in denominations of 1, 2, 5, 10, 20, 50, 100, 200, 5 - although the 1 and 2 INR notes are seldom used. Build a spreadsheet: Construct an Excel spreadsheet to solve requirement ( 2 ) (2) ( 2 ) above. In 2021, INR contracts traded against the dollar an average of 16,784 times per day compared to 162,338 contracts. Briefly explain the difference between gross margin computed under absorption costing and gross margin computed under throughput costing.Ĥ. Trading of the INR is still far lower than other currencies such as the euro. Prepare an income statement for 20 20 20x 1 1 1 using throughput costing.ģ. USD to INR - Todays Best Exchange Rate for US Dollars to Indian Rupees Wo Transfer (HK) Limited Exchange Rate. INR is the International Organization for Standardization currency code for the Indian rupee. Compute the cost of Skinny Dippers' year-end finished-goods inventory using throughput costing.Ģ. Indian Rupee - INR: The Indian rupee (INR) is the currency of India. Sales price $ 15 Direct material 5 Direct labor 2 Variable overhead 3 \beginįixed Variable $50, 000 for the year $1 per container sold Īssume that the company has committed spending for direct labor and manufacturing overhead direct material is the only unit-level production cost.ġ. The product is sold in five-gallon containers, which have the following price and variable costs.
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