Sheridan Industries produces a cleaning product that works for the peskiest stains. It's pricey, but less expensive than hiring a professional cleaning service. The managers at Sheridan are conducting variance analysis at the end of January, the first month of the new fiscal year, Budgeted fixed-MOH costs for the year were $2,352,000. The company's standards for one gallon of cleaning solution are as follows, along with actual information for the month. Actual results for January - 24.000 galions were actualiy produced - Cost of DM purchased was \$249,750 for 13,500 gallons of solution. - DM usedin production was 11,760 galions. - Cost of DL was \$116,064 for 7,440 DL hours worked. - Variable-MOH cost was 5118,440 for 50,400 machine hours used. - Fixed-MOH cost was $211,680 If Sheridan Industries sells this cleaning product for $41 per gallon, what is its expected gross margin percentage? (Round answer to 1 decimal place, e.g. 15.2\%.) Gross margin % Sheridan Industries produces a cleaning product that works for the peskiest stains. It's pricey, but less expensive than hiring a professional cleaning service. The managers at Sheridan are conducting variance analysis at the end of January, the first month of the new fiscal year, Budgeted fixed-MOH costs for the year were $2,352,000. The company's standards for one gallon of cleaning solution are as follows, along with actual information for the month. Actual results for January - 24.000 galions were actualiy produced - Cost of DM purchased was \$249,750 for 13,500 gallons of solution. - DM usedin production was 11,760 galions. - Cost of DL was \$116,064 for 7,440 DL hours worked. - Variable-MOH cost was 5118,440 for 50,400 machine hours used. - Fixed-MOH cost was $211,680 If Sheridan Industries sells this cleaning product for $41 per gallon, what is its expected gross margin percentage? (Round answer to 1 decimal place, e.g. 15.2\%.) Gross margin %