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Stuart Manufacturing Co. expects to make 30,000 chairs during the 2017 accounting period. The company made 4,300 chairs in January. Materials and labor costs for
Stuart Manufacturing Co. expects to make 30,000 chairs during the 2017 accounting period. The company made 4,300 chairs in January. Materials and labor costs for January were $16,900 and $24,300, respectively. Stuart produced 1,800 chairs in February. Material and labor costs for February were $9,800 and $12,300, respectively. The company paid the $300,000 annual rental fee on its manufacturing facility on January 1, 2017 Required Assuming that Stuart desires to sell its chairs for cost plus 10 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.) February January Price
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