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Lincoln Corp. has total costs of $98354 and uses full absorption costing. The company sells its product for $16 per unit and has a sales

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Lincoln Corp. has total costs of $98354 and uses full absorption costing. The company sells its product for $16 per unit and has a sales volume of 13495 units. 50% of Lincoln's costs are related to manufacturing. What is Lincoln's gross margin percentage? Give answer as a percentage. Answer: Lincoln has fixed costs of $51644. What is Lincoln's contribution margin per unit? (Assume all costs are either fixed or variable.)

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