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Assume that total sales revenue for 2015 is projected to be $1,297,618. Assume also the following costs for Shannons Brewery: Packaged (Cans & Bottles) $124,372

Assume that total sales revenue for 2015 is projected to be $1,297,618. Assume also the following costs for Shannons Brewery:

Packaged (Cans & Bottles)

$124,372

Kegs

$83,314

Shrinkage/WIP Loss

$42,000

Contract Labor

$9,000

Direct Labor

$240,000

Freight

$18,000

Consumer Advertising

$30,000

Trade Promotion

$30,000

Sales Promotion

$18,000

Salaries & Benefits

$180,000

Compute Shannons %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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