Question: Answer step by step 4. Direct Material Cost: $50 per unit; Direct Labour Cost: $25 per unit. Overhead absorption rate is 110% of Direct Labour

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4. Direct Material Cost: $50 per unit; Direct Labour Cost: $25 per unit. Overhead absorption rate is 110% of Direct Labour cost. Units Sold is 12,000. Selling price per unit is $160. Determine the profit margin

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