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Assume a clinical laboratory is considering a new test. Here are the key assumptions: Annual fixed direct costs = $20,000. Annual overhead allocation = $10,000.

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Assume a clinical laboratory is considering a new test. Here are the key assumptions: Annual fixed direct costs = $20,000. Annual overhead allocation = $10,000. Variable cost per test = $5. Expected volume = 5,000 tests. What price should be set under full cost pricing? OA. $5 B. $7 C. $9 D. $11 E. $13

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