Serber, Inc., which uses a volume-based cost system, produces cat condos that sell for $140 each. Direct materials cost $23 per unit, and direct labor costs $19 per unit. Manufacturing overhead is applied at a rate of 200% of direct labor cost. Nonmanufacturing costs are $30 per unit. What is the gross profit margin for the cat condos?

rev: 10_11_2012

	42.9%
	21.4%
	61.1%
	78.6%