Assume that total sales revenue for 2018 is projected to be $1,290,518. Assume also the following costs for Shannon's Brewery: Packaged (Cans & Bottles) Kegs Shrinkage/WIP Loss Contract Labor Direct Labor Freight Consumer Advertising Trade Promotion Sales Promotion Salaries & Benefits $150,000 $80,000 $42,000 $9,000 $240,000 $18,000 $27,561 $31,125 $18,000 $180,000 Compute Shannon's %NMC. Round your answer to the nearest percent. For example, if your computed answer is 99.4% your answer rounds down to 99%. If your computed answer is 99.5% you should round up to 100%. DO NOT INCLUDE THE % SIGN IN YOUR ANSWER.
Assume that total sales revenue for 2018 is projected to be $1,290,518. Assume also the following costs for Shannon's Brewery: Packaged (Cans & Bottles) Kegs Shrinkage/WIP Loss Contract Labor Direct Labor Freight Consumer Advertising Trade Promotion Sales Promotion Salaries & Benefits $150,000 $80,000 $42,000 $9,000 $240,000 $18,000 $27,561 $31,125 $18,000 $180,000 Compute Shannon's %NMC. Round your answer to the nearest percent. For example, if your computed answer is 99.4% your answer rounds down to 99%. If your computed answer is 99.5% you should round up to 100%. DO NOT INCLUDE THE % SIGN IN YOUR ANSWER.
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 11DRQ
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Transcribed Image Text:Assume that total sales revenue for 2018 is projected to be $1,290,518. Assume also the following
costs for Shannon's Brewery:
Packaged (Cans & Bottles)
Kegs
Shrinkage/WIP Loss
Contract Labor
Direct Labor
Freight
Consumer Advertising
Trade Promotion
Sales Promotion
Salaries & Benefits
$150,000
$80,000
$42,000
$9,000
$240,000
$18,000
$27,561
$31,125
$18,000
$180,000
Compute Shannon's %NMC. Round your answer to the nearest percent. For example, if your
computed answer is 99.4% your answer rounds down to 99%. If your computed answer is 99.5%
you should round up to 100%. DO NOT INCLUDE THE % SIGN IN YOUR ANSWER.
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