Question $5$

Hadley, Inc., uses a volume$-$based cost system, produces a bird house that sell for $$101$

each. Direct materials cost $$17$ per unit, and direct labor costs $$20$ per unit. Manufacturing

overhead is applied at a rate of $110\%$ of direct labor cost. Nonmanufacturing costs are $$15$

per unit. What is the gross profit margin for each bird house?

Round your answer $2$ decimal places.

$42$ margin of error $+1-0\mathrm{.}1$