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Walton Manufacturing Co.expects to make 30,000 chairs during the 2017 accounting period. The company made 3,800 chairs in January. Materials and labor costs for January

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Walton Manufacturing Co.expects to make 30,000 chairs during the 2017 accounting period. The company made 3,800 chairs in January. Materials and labor costs for January were $17,300 and $25,000, respectively Walton produced 2.500 chairs in February Material and labor costs for February were $8,500 and $12.600, respectively The company paid the $480,000 annual rental fee on its manufacturing facility on January 1, 2017 Required Assuming that Walton desires to sel ts chars for cost plus percent or cost, what price should be chrgedfor the chars produced n January and February? (Round intermediate celculetions and finel answers to 2 decimal places 8

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