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Simon Company manufactures furniture as per customer specifications. Simon has decided to price its jobs at the cost of direct materials and direct labor plus
Simon Company manufactures furniture as per customer specifications. Simon has decided to price its jobs at the cost of direct materials and direct labor plus 30%. The job for an accounting firm included the following costs:
Direct materials | $33,000 |
Direct labor | 4,000 |
Calculate the price charged by Simon Company to the accounting firm.
a.$47,100
b.$40,100
c.$48,100
d.$42,900
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