Question: 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 volume-based cost system, produces cat condos that sell for $170 each. Direct materials cost $23 per unit, and direct labor costs $11 per unit. Manufacturing overhead is applied at a rate of 250% of direct labor cost. Nonmanufacturing costs are $36 per unit. What is the gross profit margin for the cat condos?

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