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Lincoln, Incorporated, which uses a volume - based cost system, produces cat condos that sell for $ 1 7 0 each. Direct materials cost $
Lincoln, Incorporated, which uses a volumebased cost system, produces cat condos that sell for $ each. Direct materials cost $ per unit, and direct labor costs $ per unit. Manufacturing overhead is applied at a rate of of direct labor cost. Nonmanufacturing costs are $ per unit. What is the gross profit margin for the cat condos?
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