(a) Most manufacturing companies have gross margin goals, and Sheridan's is no different. Sheridan's makes lightweight backpacks that are suitable for a number of purposes. Management at the company has dictated a strict 60% gross margin goal, and, to date, it has been able to achieve it. Some of the company's financial information is as follows. Sales $780,000 Variable selling expenses $2.50/unit Fixed selling, general, and administrative expenses $130,000 Your answer is correct. Given the above information, what is the most Sheridan's can incur in manufacturing costs and still meet its gross margin goal? Maximum manufacturing cost GA $ 312000 If the fixed portion of Sheridan's manufacturing cost is $143,000, what combination of selling price and variable manufacturing cost would fit the corporate gross margin percentage goal, assuming sales volume is 26,000 units?(Round variable manufacturing cost per unit to 2 decimal places, e.g. 15.25.) Selling price $ 30 per unit Variable manufacturing cost $ 6.5 per unit Assume now that instead of having a corporate gross margin goal, the company switches to a contribution margin (CM) goal. If this new CM goal is also set at 60%, will the company meet it under the sales, volume, and cost situation described above? Contribution margin ratio % The company would meet the contribution margin ratio goal