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Mumbai Travel Services provided the following information: Direct labor rate: $40 per hour Predetermined allocation rate for indirect costs: $32 per direct labor hour If

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Mumbai Travel Services provided the following information: Direct labor rate: $40 per hour Predetermined allocation rate for indirect costs: $32 per direct labor hour If Mumbai Travel records revenue of $450 for a job requiring 6 hours of direct labor, then Mumbai Travel will make a profit of $18. O O True False

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