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Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140...

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Accounting

Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140 each. Direct materials cost $22 per unit, and direct labor costs $15 per unit. Manufacturing overhead is applied at a rate of 280% 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.)

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