Bailey's Pet Food is introducing a new line of peanut butter biscuits to the marketplace. In order to achieve a 40% gross profit margin on net sales of $450000, the direct materials portion of cost of goods sold (COGS) must come in at ______________ if direct labor $ = $90000 and the overhead rate = $40500.

Answer rating: 100% (QA)

We can start by using the gross profit formula to find the cost of goods sold ... View the full answer