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Current Attempt in Progress Monty Company makes swimsuits and sells these suits directly to retailers. Although Monty has a variety of suits, it does not
Current Attempt in Progress Monty Company makes swimsuits and sells these suits directly to retailers. Although Monty 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, Monty believes the Performance suit would have the following manufacturing costs. Direct materials $ 29 Direct labor 29 Manufacturing overhead 42 Total costs $ 100 (a1) Assume that Monty uses cost-plus pricing, setting the selling price 26% above its costs. What would be the price charged for the Performance swimsuit? Selling price $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit
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