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help fill out the green parts The product details are for example only, Your product names and data miy siffer, but the process to calculate
help fill out the green parts
"The product details are for example only, Your product names and data miy siffer, but the process to calculate margins is identical. Useful formulas: Contribution Margin(\$) = Price - (Material Cost + Labor Cost) Margin Percentage (%)= Contribution Margin/Price Calcutating Margin Activify In the table bolow onfer each product's price, material cost, and labor coat found in your report, and note whether or not a second shift was used (Y/N). Then, use the values you entered to calculate the Contribution Margin and the Margin Percentage. Determining Margin Potential Finding the macimum amount of profit you can generate from one unit of a product is called Margin Potential, This is usefui for a company when making a decision about whether to go into production or not. In its simplest form, you can calculate Margin Potential as: Margin Potential = Maximum Price - Minimum Unit Costs Price Use the information table below to find the maximum price that customers deem acceptable. You can find this in the Custerner Buying Critena for ench segment Step by Step Solution
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