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Lodrobe Company manudactures a single product: Wardrobes. Lodrobe's wardfotes have a unique design that is not replicated by ary of alke wardiobe nanufacturer. The company

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Lodrobe Company manudactures a single product: Wardrobes. Lodrobe's wardfotes have a unique design that is not replicated by ary of alke wardiobe nanufacturer. The company was formed at the begining of tast year with an initiat investment of 5751,000 , todrobe regaires a 7re iannual rafe of retum on the irwestment, in total, 10.900 wardiches were prodkiced and sold last year. For the upcoming year, the produetion and wiles voluimes are not expected to change from last vear. The follimuling costs are boxigeted for the upcoming year: To paice their product, Lodrobe uses the cost plass pricing method. The compary has a policy of using the abroeption costing method tor arsigning costs to inventory and the formula method for determining a marikip percentage. Do notenter doly aigns or commas in the ingut bexes. Paund all atanen tozedecimal places. w) Determitie the budgeted full cost of a warthobe for the upcoming yeat. Full Cost: th chicutate the morbup percertitage

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