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Lincoln Corp. has total costs of $91150 and uses full absorption costing. The company sells its product for $16 per unit and has a sales
Lincoln Corp. has total costs of $91150 and uses full absorption costing. The company sells its product for $16 per unit and has a sales volume of 11969 units. 45% of Lincoln's costs are related to manufacturing. What is Lincoln's gross margin percentage? Give answer as a percentage.
Lincoln has fixed costs of $40104. What is Lincoln's contribution margin per unit? (Assume all costs are either fixed or variable.)
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