Check my wor Exercise 12-12 How the allocation of fixed cost affects a pricing decision LO 12-3 Gibson Manufacturing Co. expects to make 31,300 chairs during the 2017 accounting period. The company made 4.700 chairs in January. Materials and labor costs for January were $16,000 and $24,100, respectively. Gibson produced 1,600 chairs in February Material and labor costs for February were $9,900 and $13,700, respectively. The company paid the $845100 annual rental fee on its manufacturing facility on January 1, 2017 Required Assuming that Gibson desires to sell its chairs for cost plus 35 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.) January February Price