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A manufacturer has attributed costs for labor at 35%, materials at 30% and overhead at 20% leaving the remainder as profit. They would like to
A manufacturer has attributed costs for labor at 35%, materials at 30% and overhead at 20% leaving the remainder as profit. They would like to increase profit and have looked at reducing labor and material costs by 5% respectively. i) What is the new profit percentage? ii) What percentage would sales have to increase to obtain the same level of profit? In the space below, show stepped calculations in your
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