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Please answer, will thumbs up! thank you. Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $130 each. Direct materials
Please answer, will thumbs up! thank you.
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $130 each. Direct materials cost $18 per unit, and direct labor costs $15 per unit. Manufacturing overhead is applied at a rate of 250% 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 19.2% 80.8% 45.4% 63.3% O OStep by Step Solution
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