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.image text in transcribed

Required Prepare tables showing the sensitivity of the profit forecast to each of the following:

(a) a 1% change in sales and variable costs,

(b) a 1% change only in the materials cost of souvenirs purchased,

(c) a 1% change only the labour costs, and

(d) a 1% change only in the other fixed costs.

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