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I need to find the answer for Price in January & February! Thank you! Solomon Manufacturing Co. expects to make 31,000 chairs during the 2017
I need to find the answer for Price in January & February! Thank you!
Solomon Manufacturing Co. expects to make 31,000 chairs during the 2017 accounting period. The company made 4,000 chairs in January. Materials and labor costs for January were $16,100 and $25,600, respectively. Solomon produced 1,600 chairs in February. Material and labor costs for February were $8,400 and $13,200, respectively. The company paid the $713,000 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 Solomon 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 PriceStep by Step Solution
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