Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales budget, the Cid product manager wishes to achieve a product contribution margin of 35%. Given their product currently is priced at $35.00, what would they need to limit the material and labor costs to?

Answer rating: 100% (QA)

Required solution Desired contribution margin ratio 35 Selling price 35 per unit C... View the full answer