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1. Compute time charge per hour of direct labor (in $). 2. Compute materials markup per dollar of direct material cost (in %). 3. Use
1. Compute time charge per hour of direct labor (in \$). 2. Compute materials markup per dollar of direct material cost (in \%). 3. Use time and materials pricing to compute the price for a local college. Apple estimates the obligation to this college will req 1,000 direct labor hours and $35,000 of direct materials cost
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