1. ABC Manufacturing Inc. is analyzing its financial data for the year:

Category	Amount ($)
Cost of Goods Manufactured
- Direct Materials	$500,000
- Direct Labor	$300,000
- Manufacturing Overhead	$200,000
SG&A Expenses
- Salaries	$150,000
- Marketing	$50,000

1. Requirements:
   • Calculate the Cost of Goods Manufactured (CGM) for ABC Manufacturing Inc.
   • Determine the Gross Profit Margin.
   • Propose strategies to reduce manufacturing costs by 15% without affecting product quality.
   • Analyze the impact of cost reductions on overall profitability.