1.The direct material cost of manufacturing a product is $103.95, direct labour cost is $46.20, and overhead is $57.75

A) What is the percent content of each element of cost in the product?

B) What is the overhead percent rate based on direct labour?

2.Suppose it costs C$380 to purchase US$ 310.61;

A)what is the exchange rate?

B)How many US dollars will you receive if you convert C$ 725 into US dollars?

3.Suppose the consumer price index in 2016 is 124.3 with 2002 as the base year.

A) what is the purchasing power of the dollar in 2016 compared to 2002?

B) What is the real income, relative to 2002, of a wage earner whose income amounted to $62900 is 2016?

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