Exercise 4-11A (Algo) How the allocation of fixed cost affects a pricing decision LO 4-3 Jordan Manufacturing Co. expects to make 30,800 chairs during the year 1 accounting period. The company made 3,600 chairs in January. Materials and labor costs for January were $17,300 and $25,900, respectively. Jordan produced 1,300 chairs in February. Material and labor costs for February were $9,800 and $12,200, respectively. The company paid the $616,000 annual rental fee on its manufacturing facility on January 1, year 1. Required Assuming that Jordan desires to sell its chairs for cost plus 40 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 per unit