comp-km\ Introduction to\ Welcome Elise N. Goller\ Business Fall 2023\ Points: 10\ (C)2023 Capsim Management Simulations, Inc.()\ Assuming no direct factory overhead costs (i.e., inventory carry costs) and

$3

million dollars in combined promotion and sales budget, the Cent product manager wishes to achieve a product contribution margin of

35%

. Given their product currently is priced at

$35.00

, what would they need to limit the material and labor costs to?\ Select: 1\

$22.75

\

$24.50

\

$21.00

\

$23.00

Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales budget, the Cent product manager wishes to achieve a product contribution margin of 35%. Given their product currently is priced at $35.00, what would they need to limit the material and labor costs to? Select: 1 $22.75 $24.50 $21.00 $23.00