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A Business manufactures refrigerators for domestic use. There are three models: LO, Mid and Hi. The models, their quality and their price are aimed at

A Business manufactures refrigerators for domestic use. There are three models: LO, Mid and Hi. The models, their quality and their price are aimed at different markets. Product costs are computed on a blanket( business-wide) overhead-rate basis using a labour-hour method. Prices as a general rule are set based on cost plus 20 per cent. The following information is provided: Lo Mid Hi Material cost (

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