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A consulting firm incurs the following costs for providing a service: Direct labor: $5,000 Overhead: $2,000 Desired profit margin: 30% of total costs Calculate the

A consulting firm incurs the following costs for providing a service:

  • Direct labor: $5,000
  • Overhead: $2,000
  • Desired profit margin: 30% of total costs

Calculate the cost-plus price for the service.

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