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XYZ Company had the following results of operation for its consulting business for the year 2019. Number of Hours Provided Rate of Service per Hour

XYZ Company had the following results of operation for its consulting business for the year 2019. Number of Hours Provided Rate of Service per Hour Billable Travel Cost Direct Labor Used Supplies & Other Overhead 6,000 $135.00 $240,000 $300,000 $90,000 Calculate the gross profit and gross margin for the year

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