A Mexican company manufactures televisions sets by importing materials into the country and then exporting the finished product to the United States. The cost per unit in Mexican Pesos of the components and materials needed for the TV are as follows:
a) Microchips from China: 5,300 MXN (Mexican Pesos)
b) Screen from Northern Mexico: 2,730 MXN
c) Plastics from India: 3,565 MXN
d) Electronics from U.S.: 2,342 MXN
What is the total cost of each television set in U.S. dollars if labor cost per unit (per TV) is 1,599 MXN? The exchange rate is 20.37 MXN per USD.
