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Vernon Manufacturing Co. expects to make 30,600 chairs during the 2017 accounting period. The company made 4,400 chairs in January. Materials and labor costs for
Vernon Manufacturing Co. expects to make 30,600 chairs during the 2017 accounting period. The company made 4,400 chairs in January. Materials and labor costs for January were $16,800 and $24,700, respectively. Vernon produced 1,500 chairs in February Material and labor costs for February were $9,500 and $12,000, respectively. The company paid the $612,000 annual rental fee on its manufacturing facility on January 1, 2017 Required Assuming that Vernon desires to sell its chairs for cost plus 35 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.) points ( 8 01:45:39 January February Price eBook Print References
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