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(Chapter 13) Jack's Back Porch manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $300 per table, consisting of 60% variable costs

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(Chapter 13) Jack's Back Porch manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $300 per table, consisting of 60% variable costs and 40% fixed costs. The company operates at capacity and has no surplus capacity available. It is Jack's Back Porch's policy to add a 70% markup to full costs, Jack's Back Porch is invited to bid on a one-time-only special order to supply 150 rustic tables, What is the lowest price Jack's Back Porch should bid on this special order (such that winning the bid does not reduce income)

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