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

Smiths Restaurant has determined the following items on a per meal basis.

Direct Materials (Food Costs) $4.91

Direct Labour 3.66

Variable Overhead 2.95

Fixed Overhead 1.77

What should be the selling price of this meal if the markup is 24%? Prepare Price Quote Sheet

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