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Joseph, the manager at Carla's Danishes, was excited to determine the company's profit this year. It was a break - out year for the company,

Joseph, the manager at Carla's Danishes, was excited to determine the company's profit this year. It
was a break-out year for the company, especially after being selected to cater the World College Club
Sports Athletes' Annual Meeting. The company was thrilled! The number and variety of danishes
produced for that event alone doubled the company's sales for the year. Joseph knew the total sales
amount but had yet to determine the total COGS. He hoped that it would be low relative to sales.
Here are the transactions and amounts Joseph found when gathering information for his COGS
calculation. Total Manufacturing Costs
:longrightarrow Given the costs you just calculated and recognizing that the company typically sets its selling
prices at 150% of its product costs, what level of sales would Joseph have expected? What gross
margin percentage would this generate? (Round gross margin percentage to 1 decimal place, e.g.
15.2%.)
Expected sales revenue
$
Gross margin percentage
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