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Smith's Restaurant has determined the following items on a per meal basis. Direct Materials (Food Costs) Direct Labour Variable Overhead Fixed Overhead $4.91 3.66 2.95

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Smith's Restaurant has determined the following items on a per meal basis. Direct Materials (Food Costs) Direct Labour Variable Overhead Fixed Overhead $4.91 3.66 2.95 1.77 What should be the selling price of this meal if the markup is 24%? Price Quote sheet

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