What is the gross profit margin for the cat condos

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Reference no: EM131256142

Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140 each. Direct materials cost $18 per unit, and direct labor costs $10 per unit. Manufacturing overhead is applied at a rate of 230% 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.)

63.6%

43.2%

39.3%

60.7%

Reference no: EM131256142

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What is the gross profit margin for the cat condos : Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140 each. Direct materials cost $18 per unit, and direct labor costs $10 per unit. Manufacturing overhead is applied at a rate of 230% of direct labor cost. Nonm..

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