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Analyze the production costs of Ford Motor Company for a particular model: Cost Component Amount ($) Materials 5,000 Labor 3,000 Overhead Expenses 2,000 Marketing Expenses

Analyze the production costs of Ford Motor Company for a particular model:

Cost Component

Amount ($)

Materials

5,000

Labor

3,000

Overhead Expenses

2,000

Marketing Expenses

1,000

Total Cost

11,000

Calculate the percentage contribution of each cost component to the total production cost.

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