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Material and labor costs for February were $9,700 and $12,900, respectively. The company paid the $736,800 annual rental fee on its manufacturing facility on January
Material and labor costs for February were $9,700 and $12,900, respectively. The company paid the $736,800 annual rental fee on its manufacturing facility on January 1, Year 1. The rental fee is allocated based on the total estimated number of units to be produced during the year. Required Assuming that Stuart desires to sell its chairs for cost plus 20 percent of cost, what price should be charged for the chairs produced in January and February? Note: Round intermediate calculations and final answers to 2 decimal places
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