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3. Consider two products in the same product line: Product 1 Product 2 Expected selling price 362 $54 Standard material cost 16 2? Standard labor

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3. Consider two products in the same product line: Product 1 Product 2 Expected selling price 362 $54 Standard material cost 16 2? Standard labor cost 6 3 Calculate the expected gross margins as a percentage of selling price on each product based on the 1983 and 1539!? model year budgets assuming selling price and material and labor cost do not change om standard

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