[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
