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Rundle Manufacturing Co. expects to make 31,100 chairs during the 2017 accounting period. The company made 4,800 chairs in January. Materials and labor costs for
Rundle Manufacturing Co. expects to make 31,100 chairs during the 2017 accounting period. The company made 4,800 chairs in January. Materials and labor costs for January were $16,300 and $24,600, respectively. Rundle produced 2,500 chairs in February. Material and labor costs for February were $8,900 and $14,000, respectively. The company paid the $497,600 annual rental fee on its manufacturing facility on January 1, 2017 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 final answers to 2 decimal places.) January February Price
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