please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

Question 7 of 8 K 1 1.25 View Policies Current Attempt in Progress Most manufacturing companies have gross margin goals, and Swifty's is no different. Swifty's makes lightweight backpacks that are suitable for a number of purposes. Management at the company has mpany has dictated a strict 70% gross margin goal, and, to date, it has been able to achieve it. Some of the company's financial information is as follows. Sales $600,000 Variable selling expenses $2.00/unit Fixed selling, general, and administrative expenses $118,000 (a) Given the above information, what is the most Swifty's can incur in manufacturing costs and still meet its gross margin goal? Maximum manufacturing cost $ eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later