Students:    ___  Assume a supplier estimates the following costs on an RFQ (Request for Quote – buyer wants supplier to quote on some potential business):Potential supplier says to you (you are the buyer/potential customer):Costs of Direct Materials $12,000Cost of Direct Labor $3,000Cost of Overhead $4,500Total Costs $19,500Profit $2,340Price $21,840 What is the minimum price a desperate...

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