Smiths Restaurant has determined the following items on a per meal basis. Direct Materials (Food...
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Accounting
Smiths Restaurant has determined the following items on a per meal basis.
Direct Materials (Food Costs) $4.91
Direct Labour 3.66
Variable Overhead 2.95
Fixed Overhead 1.77
What should be the selling price of this meal if the markup is 24%? Prepare Price Quote Sheet
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