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Assume a clinical laboratory is considering a new test. Here are the key assumptions: Annual...

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Accounting

Assume a clinical laboratory is considering a new test. Here are the key assumptions: Annual fixed direct costs = $20,000. Annual overhead allocation = $10,000. Variable cost per test = $5. Expected volume = 5,000 tests. What price should be set under marginal cost pricing? $ 5 $ 7 $ 9 $11 $13

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