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What is the dollar amount of price growth

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Question - Assume an O&M funded activity budgeted for technical support to the operating forces using 100 employees at a budgeted cost of $25 million in FY2021. Labor accounts for 80% of the cost. When computing the FY2022 budget, the control number is $26 million, the anticipated labor cost increase is 2.0%, and inflation for the non-labor part of the budget is 3.0%.

a. What is the dollar amount of price growth?

b. Of program growth?

c. Explain your answers.

Reference no: EM133067682

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