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Oxmoor Manufacturing Co. expects to make 30.600 chairs during the current accounting period. The company made 4.000 chairs in January. Materials and labor costs for
Oxmoor Manufacturing Co. expects to make 30.600 chairs during the current accounting period. The company made 4.000 chairs in January. Materials and labor costs for January were $16, 400 and $24, 600, respectively. Oxmoor produced 1.600 chairs in February. Material and labor costs for February were $9,000 and $12, 400. respectively. The company paid the $581, 400 annual rental fee on its manufacturing facility on January 1. Assuming that Oxmoor desires to sell its chairs for cost plus 15 percent of cost, what price should be charged for the chairs produced in January and February? (Round your intermediate calculations and final answers to 2 decimal places.)
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