Consider the following costs of your high-end furniture business:
Pieces of leather per couch				360
Price per leather piece in Chilean Pesos				25
Hours of Mexican labor per couch				60
Wage per hour in Mexican Pesos				158
Couches sold in New York				208
Couches sold in London				199
Exchange rates
546.874825	Chilean Peso per dollar
13.816394	Mexican Pesos per dollar
1.  What is the cost of leather in Chilean Pesos?
2.  What is the cost of labor in Mexican Pesos?
3.  What is the cost of leather and labor in dollars?

Answer rating: 100% (QA)

To calculate the costs we can use the given information and perform the necessary calculations 1 Cos... View the full answer