Question
monarch manufacturing company expects to make 72000 travel sewing kits during year 3. in january the company made 1800 kits. materials and labor costs for
monarch manufacturing company expects to make 72000 travel sewing kits during year 3. in january the company made 1800 kits. materials and labor costs for january wer 9000 and 11,250 respectively. in feb, monarch produced 2200 kits. materials and labor costs for feb were 11000 and 13750 respectivly. the company paid 180000 for annual factory insurance on jan 10 year 3. ignore other manufacturing overhead costs.
required:
assuming that monarch desires to sell its sewing kits for cost plus 20 % of cost, what price should it charge for the kits produced in january and feb?
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