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Exercise 22-3 (Part Level Submission) Leno Company makes swimsuits and sells these suits directly to retailers. Although Leno has a variety of suits, it does
Exercise 22-3 (Part Level Submission) Leno Company makes swimsuits and sells these suits directly to retailers. Although Leno has a variety of suits, it does not make the All-Body 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 All-Body suit would sell for approximately $114. Given its experience, Leno believes the All-Body suit would have the following manufacturing costs. Direct materials Direct labor Manufacturing overhead Total costs $29 34 47 $110 (a1) Assume that Leno uses cost plus pricing, setting the selling price 20% above its costs. What would be decimal places, e.g. 10.50.) e ce charged for the All Bod s m uit Roun answer 2 selling price
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