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PLEASE FILL IN ACTUAL BLANKS OR MAKE VERY CLEAR. TY! Exercise 24-8 Rensing Groomers is in the dog-grooming business. Its operating costs are described by

image text in transcribedimage text in transcribedimage text in transcribedPLEASE FILL IN ACTUAL BLANKS OR MAKE VERY CLEAR. TY!

Exercise 24-8 Rensing Groomers is in the dog-grooming business. Its operating costs are described by the following formulas: Grooming supplies (variable) Direct labor (variable) Overhead (mixed) y = y y = $0 + $3x $0 + $13x $10,500+ $2x Milo, the owner, has determined that direct labor is the cost driver for all three categories of costs

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