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Current Attempt in Progress Flounder Company makes swimsuits and sells these suits directly to retailers. Although Flounder has a variety of suits, it does not

Current Attempt in Progress Flounder Company makes swimsuits and sells these suits directly to retailers. Although Flounder has a variety of suits, it does not make the Performance suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the Performance suit would sell for approximately $100. Given its experience, Flounder believes the Performance suit would have the following manufacturing costs. Direct materials $26 Direct labor 32 Manufacturing overhead 42 Total costs $100 (a1) Your answer is correct. Assume that Flounder uses cost-plus pricing, setting the selling price 25% above its costs. What would be the price charged for the Performance swimsuit

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