A souvenir shop makes the following forecast for one years sales and costs. Required Prepare tables showing
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A souvenir shop makes the following forecast for one year’s sales and costs.
Required Prepare tables showing the sensitivity of the profit forecast to each of the following:
(a) a 1 percent change in sales and variable costs,
(b) a 1 percent change only in the materials cost of souvenirs purchased,
(c) a 1 percent change only the labour costs, and
(d) a 1 percent change only in the other fixed costs.
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