Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $160 each. Direct materials cost $21 per unit, and direct labor costs $18 per unit. Manufacturing overhead is applied at a rate of 150% of direct labor cost. Nonmanufacturing costs are $34 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar.) Multiple Choice 58.8% 45.0% 62.5% 37.5% A

Lincoln, Inc, which uses a volume based cost system, produces cat condos that sell for $160 cach. Direct materlals cost $2,1 per unit, and direct labor costs $18 pet unit. Manufacturing overhead is applied at a rate of 150% of direct labor cost. Nonmanufacturing costs are $34 per init. What is the gross profit margin for the cat condos? (Round your intermediate calculotions to nearest whole dollar.) Mulitiple Graice 588 450K 025% 375