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I found the price for January, but can't find the price for February. Thanks for the help! Rooney Manufacturing Co. expects to make 30,300 chairs
I found the price for January, but can't find the price for February. Thanks for the help!
Rooney Manufacturing Co. expects to make 30,300 chairs during the 2017 accounting period. The company made 4,200 chairs in January. Materials and labor costs for January were $16,600 and $24,800, respectively. Rooney produced 2,000 chairs in February. Material and labor costs for February were $8,100 and $13,500, respectively. The company paid the $272,700 annual rental fee on its manufacturing facility on January 1, 2017. The rental fee is allocated based on the total estimated number of units to be produced during the year. Required Assuming that Rooney 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.) February January $ 25.46 PriceStep by Step Solution
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