Question: Lab 7 - 1 Part 1 Objective Questions ( LO 7 - 2 ) Q 1 . How much profit as a percentage of revenue

Lab 7-1 Part 1 Objective Questions (LO 7-2)
Q1. How much profit as a percentage of revenue does management hope to make from each product?
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Q2. What is the calculation for the budgeted direct labour cost?
Q3. When is a cost favourable?

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