Particular | Cost per unit ($) |
Direct Material Cost | 18 |
Direct Labour cost | 14 |
Manufacturing Cost ( 150% of Direct labour cost) |
21 |
Cost of Manufacturing | 53 |
Non Manufacturing cost | 36 |
Total Cost | 89 |
Profit | 11 |
Selling cost | 100 |
Gross Profit = Selling Price - Cost of manufacturing
= 100 - 53
= $ 47 per unit
Gross Profit Margin = Gross Profit / Selling Price X 100
= 47 / 100 X 100
= 47%
Answer is 47.00% Gross profit margin ( Option is 3rd)
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $100 each....
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $145 each. Direct materials cost $17 per unit, and direct labor costs $12 per unit. Manufacturing overhead is applied at a rate of 200% of direct labor cost. Nonmanufacturing costs are $35 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar.) Multiple Choice
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $170 each. Direct materials cost $20 per unit, and direct labor costs $13 per unit. Manufacturing overhead is applied at a rate of 200% of direct labor cost. Nonmanufacturing costs are $37 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar.) Multiple Choice 65.3% 39.0% Oo oo 56.5% 43.5%
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $170 each. Direct materials cost $25 per unit, and direct labor costs $13 per unit. Manufacturing overhead is applied at a rate of 270% of direct labor cost. Nonmanufacturing costs are $32 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar.)
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $160 each Direct materials cost $21 per unit, and direct labor costs $98 per unit Manufacturing overhead is applied at a rate of 150% of direct labor cost. Nonmanufacturing costs are $34 per unit What is the gross profit margin for the cat condos? (found your intermediate calculations to nearest whole della Maple Choice o 375 o о 58 BN O 450 O 6253
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11. Kawhi, Inc., which uses a volume-based cost system, produces cat condos, and has a gross profit margin of 57%. Direct materials cost $19 per unit, and direct labor costs $15 per unit. Manufacturing overhead is applied at a rate of 174% of direct labor cost. Nonmanufacturing costs are $12 per unit. How much does each cat condo sell for?
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