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Saved Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $170 each, Direct materials cost $21 per unit, and direct labor costs $17 per unit. Manufacturing overhead is appliled at a rate of 200% of direct labor cost. Nonmanufacturing costs are $28 per unit. What is the gross profit margin for the cat condos? (Round your Intermedlate calculations to nearest whole dollar.)

Saved Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $170 each, Direct materials cost $21 per unit, and direct labor costs $17 per unit. Manufacturing overhead is appliled at a rate of 200% of direct labor cost. Nonmanufacturing costs are $28 per unit. What is the gross profit margin for the cat condos? (Round your Intermedlate calculations to nearest whole dollar.)

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter11: Differential Analysis And Product Pricing
Section: Chapter Questions
Problem 17E: Product cost method of product costing Smart Stream Inc. uses the product cost method of applying...
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Assignment Get Homework He Saved Lincoln, Inc, which uses a volume-based cost system, produces cat condos that sell for $170 each, Direct materials cost $21 per unit, and direcd labor costs $17 per unit. Manufacturing overhead is applled at a rate of 200% of direct labor cost. Nonmanufacturing costs are $28 per unt What is the gross profit margln for the cat condos? (Round your Intermedlate calculatlons to nearest whole dollar.) Multiple Cholce 58.8% 57.6% 41.3% 41.2%
Transcribed Image Text:Assignment Get Homework He Saved Lincoln, Inc, which uses a volume-based cost system, produces cat condos that sell for $170 each, Direct materials cost $21 per unit, and direcd labor costs $17 per unit. Manufacturing overhead is applled at a rate of 200% of direct labor cost. Nonmanufacturing costs are $28 per unt What is the gross profit margln for the cat condos? (Round your Intermedlate calculatlons to nearest whole dollar.) Multiple Cholce 58.8% 57.6% 41.3% 41.2%
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