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Rundle Manufacturing Co. expects to make 30,300 chairs during the year1 accounting period. The company made 3,200 chairs in January. Materials and labor costs for
Rundle Manufacturing Co. expects to make 30,300 chairs during the year1 accounting period. The company made 3,200 chairs in January. Materials and labor costs for January were $1?,500 and $24,900, respectively. Rundle produced 1,900 chairs in February. Material and labor costs for February were $9.900 and $12,200. respectively. The company paid the $363,600 annual rental fee on its manufacturing facility on January 1, year 1. The rental fee is allocated based on the total estimated number ofunits to be produced during the year. Required Assuming that Rundle 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? {Round intermediate calculations and nal answers to 2 decimal places}
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