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Anthony, the manager at Flint'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. Anthony 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 Anthony found when gathering information for his COGS calculation. Anthony was sure that not all of these amounts should be included in COGS but didn't know how to correctly sort them. 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 Anthony have expected? What gross margin percentage would this generate? (Round gross margin percentage to 1 decimal place, e.s. 15.2\%.) Expected sales revenue Gross margin percentage % Anthony, the manager at Flint'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. Anthony 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 Anthony found when gathering information for his COGS calculation. Anthony was sure that not all of these amounts should be included in COGS but didn't know how to correctly sort them. 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 Anthony have expected? What gross margin percentage would this generate? (Round gross margin percentage to 1 decimal place, e.s. 15.2\%.) Expected sales revenue Gross margin percentage %

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