Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in…

Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales budget, the Brat 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? Select: 1

A) $24.50

B) $23.00

C) $22.75

D) $21.00

Please give a correct answer!

 

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