The bil of materials for each product at Gary's Office Supply is very specific, risht down to the number of casters needed for each office chair Gary recoonizes how important these documents are for planaing purposes, but his operations managers appreciate them as well since they use this information to guide their materlal requisitions when it's time for production. Hese are the budgeted product costs and selling prices, respectively, for the compary's three hey products: the vear: What goss margin percentuge was Gary originally expecting to earn on each product per the information provided above? Round en owers to 2 docinel place. es 5275M ) How much of a reduction in goes margh did cachproduct sostain afer cecognizing the higher costs? Roumd aroweri to 2 declmal pluar es 5275%