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Lab 7 - 1 Part 1 Objective Questions ( LO 7 - 2 ) Q 1 . How much profit as a percentage of revenue

Lab

7 - 1

Part

1

Objective Questions

(

7 - 2)

1 .

How much profit as a percentage of revenue does management hope to make from each product?

-

2 .

What is the calculation for the budgeted direct labour cost?

3 .

When is a cost favourable?

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