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Baird Manufacturing Co. expects to make 30,800 chairs during the 2017 accounting period. The company made 3,200 chairs in January. Materials and labor costs for
Baird Manufacturing Co. expects to make 30,800 chairs during the 2017 accounting period. The company made 3,200 chairs in January. Materials and labor costs for January were $16,800 and $25,000, respectively. Baird produced 2,200 chairs in February Material and labor costs for February were $8,700 and $13,300, respectively. The company paid the $831,600 annual rental fee on its manufacturing facility on January 1, 2017 Required Assuming that Baird desires to sell its chairs for cost plus 15 percent of cost, what price should be charged for the chairs produced in January and February? (Round intermediate calculations and final answers to 2 decimal places.) JanuaryFebruary Price
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