Gross Margin Test

Select ONLY ONE Basis Cost Set Sales Target Planned Sales Item Units Basis Price Margin % Mark-up % Value Labor 1 5,014 35 175,490 Labor 2 2,060 28 57,680 Labor 3 0 Labor 4 0 Labor 5 0 Totals 7,074 0 233,170 Effective Labor Rate $32.96 Material 1 1 543,000 20 651,600 Material 2 1 115,000 15 132,250