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What is the gross profit margin for the cat condos

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Problem 1: Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $120 each. Direct materials cost $18 per unit, and direct labor costs $17 per unit. Manufacturing overhead is applied at a rate of 225% of direct labor cost. Non manufacturing costs are $29 per unit. What is the gross profit margin for the cat condos?

Reference no: EM132838030

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