Assume that total sales revenue for 2018 is projected to be $1,354,462. Assume also the following costs for Shannon's Brewery:

Packaged(Cans & Bottles)

$150,000

Kegs

$80,000

Shrinkage/WIPLoss

$42,000

ContractLabor

$9,000

DirectLabor

$240,000

Freight

$18,000

ConsumerAdvertising

$30,710

TradePromotion

$32,154

SalesPromotion

$18,000

Salaries& Benefits

$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%.