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Data table Foreman Company makes three product lines and has two customer types. The following table gives sales, product cost, and cost-to-serve data for Foreman:
Data table Foreman Company makes three product lines and has two customer types. The following table gives sales, product cost, and cost-to-serve data for Foreman: (Click the icon to view the sales and product cost information.) The cost to serve all customers is $13,130 and is allocated to customer types based on the number of manager visits to customer locations for pre Read the requirements. Requirement 1. Determine the gross profit margin percentage of sales for each product. Which product is the most profitable? Complete the following table to determine the gross profit margin percentage of sales for each product. (Round the percentages to the nearest tenth percent, X. K.) Requirement 2. Determine the gross profit margin and the gross profit margin percentage of sales for each customer type. Begin by completing the table for customer type 1, then complete the table for customer type 2. (Use percentages rounded to the nearest tenth percent, X.X\%, in your calculations of gross profit margin. Round dollar amounts to the nearest whole dollar and percentages to the nearest tenth percent, X.X\%.) Customer Type 2 - Product Requirement 3 . Determine the cost-to-serve percentage of sales for each customer type. (Round the percentages to the nearest tenth percent, X.X\%.) Customer Type 1 Customer Type 2 Cost to serve Cost-to-serve \% of sales % % percentages to the nearest tenth percent, X.X\%.)
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