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    Mathematics
  3. Study Set
    Contemporary Business
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    Exam 3: Ratio, Proportion, and Percent
  5. Question
    The Cost of a Unit Is Made Up of $120
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The Cost of a Unit Is Made Up of $120

Question 55

Question 55

Essay

The cost of a unit is made up of $120.00 direct material cost, $80.00 direct labor cost, and $20.00 overhead. What is the ratio that exists between the three elements of cost?

Correct Answer:

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Direct material : di...

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