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[SOLVED]Assuming no direct factory overhead costs (i.e., inventory carry costs) and $2.75 million dollars in combined promotion and sales budget

Assuming no direct factory overhead costs (i.e., inventory carry costs) and $2.75 million dollars in combined promotion and sales budget, the Bold product manager wishes to achieve a product contribution margin of 30%. Given their product currently is priced at $35.00, what would they need to limit the material and labor costs to?

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  •  $22.75
  •  $24.50
  •  $21.00
  •  $23.00



honeyd


29-03-21 | 12:22:58

Contribution margin=605(35-x)= $21,169*0.30
X=14824.3/605=24.50

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