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Lab 7-1 Part 1 Objective Questions (LO 7-2) OQ1. How much profit as a percentage of revenue does management hope to make from each product?

Lab 7-1 Part 1 Objective Questions (LO 7-2) OQ1. How much profit as a percentage of revenue does management hope to make from each product? OQ2. What is the calculation for the budgeted direct labor cost? OQ3. When is a cost favorable

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