Question: Answer step by step I 5. Direct Material Cost: $110 per unit; Direct Labour Cost: $60 per unit. Overhead absorption rate is 50% of Direct

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I 5. Direct Material Cost: $110 per unit; Direct Labour Cost: $60 per unit. Overhead absorption rate is 50% of Direct costs. Units Sold is 20,000. Selling price per unit is $260. Determine the Profit margin

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