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Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $100 each. Direct materials cost $18 per unit, and direct labor

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Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $100 each. Direct materials cost $18 per unit, and direct labor costs $14 per unit. Manufacturing overhead is applied at a rate of 150% of direct labor cost. Nonmanufacturing costs are $36 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar) Multiple Choice 11.0% 71.5% 470% 89.0%

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