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really neee help! Leno Company makes swimsuits and sells these suits directly to retailers. Although Leno has a variety of suits, it does not make
really neee help!
Leno Company makes swimsuits and sells these suits directly to retailers. Although Leno has a variety of suits, it does not make the All-Body suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the All-Body suit would sell for approximately $100. Given its experience, Leno believes the All- Body suit would have the following manufacturing costs. Direct materials Direct labor Manufacturing overhead Total costs $24 30 46 $100 (1) Assume that Leno uses cost-plus pricing, setting the selling price 30% above its costs. What would be the price charged for the All-Body swimsuit? Selling price $ Step by Step Solution
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