At the beginning of the year, Lombardi Company initiated an environmental cost reduction program. To help assess the impact of the environmental cost reduction improvement program, the following data was collected for the current and preceding year: For the current year, external failure costs are what percentage of operating costs?
A) 2.67%
B) 1.83%
C) 1.38%
D) 0.93%
Correct Answer:
Verified
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