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(a) Briefly explain the concept of limiting factor in operations and give an example (b) Explain what contribution margin per limiting factor is and how it is measured (c) A company manufactures and sells two products (X and Y) both of which utilise the same skilled labour. For the coming period, the supply of skilled labour is limited to 2,000 hours. Data relating to each product are as follows: Product X Y Selling price per unit 2040 Variable cost per unit 1230 Skilled labour hours per unit 2
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