Lincoln,Inc

question 33

Multiple Choice

Lincoln,Inc. ,which uses a volume-based cost system,produces cat condos that sell for $90 each.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.What is the gross profit margin for the cat condos?

• A)20.0%
• B)50.0%
• C)62.5%
• D)80.0%

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Definitions:

Spermatogenesis

The process by which sperm cells are produced and developed in the male reproductive organs.

Testes

Male reproductive organs that produce sperm and testosterone.

Sperm Storage

The ability of certain organisms to store sperm within their reproductive tract for extended periods before using it to fertilize eggs.

Epididymis

A long, coiled tube that stores sperm and transports it from the testes, playing a key role in male reproductive system.