Largo,Inc ,Which Uses a Volume-Based Cost System,produces Cat Condos,and Has

question 95

Multiple Choice

Largo,Inc. ,which uses a volume-based cost system,produces cat condos,and has a gross profit margin of 50%.Direct materials cost $15 per unit,and direct labor costs $10 per unit.Manufacturing overhead is applied at a rate of 200% of direct labor cost.Nonmanufacturing costs are $27 per unit.How much does each cat condo sell for?

• A)$50
• B)$72
• C)$90
• D)$144

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Definitions:

Organizational Practices

Encompasses the procedures, methods, and routines used by an organization to achieve its objectives.

Rumours

Unverified information or stories that are spread among people, often lacking clear evidence, and can influence perception and behavior.

Non-verbal Communication

The process of conveying a message without the use of words, including gestures, facial expressions, and body language.

Jargon

Specialized language used by job holders or members of particular occupations or organizations.