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A company has a mobile tractor repair business. The costs of running this business include wages of the mechanic, major parts used in repairs, and
A company has a mobile tractor repair business. The costs of running this business
include wages of the mechanic, major parts used in repairs, and overhead. As the new
year is about to begin, the company predicts annual overhead costs to be $
The overhead costs will be assigned to repair jobs based on the number of repair hours
incurred. The company expects to use the mobile repair unit an average of hours per
day, days per week, for weeks out of the year.
intermediary calculations minimum precision: hundredths
place
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