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Kearney, Inc., makes kitchen tools. Company management believes that a new model of coffee grinder would sell well at a price of $70.20. The company estimates unit materials costs to be $9.00 for the model, and overhead costs would average $30.70 per unit. The local wage rate for direct labor is $26.00 per hour. Kearney has a goal of earning an operating profit of 30.00 percent of manufacturing costs for each of its products.

Required:

What direct labor-hour input (hours per unit) could Kearney allow and still achieve its profit goal? (Round your answer to 2 decimal places.)

Chapber 4 graded homework instructions t help Question 2 (of 4 25.00 poins Keamey, Inc., makes kitchen tools. Company management believes that a ne model of coffee grinder would sell well at a price of $70.20. The company estimates unit materials costs to be $9.00 for the model, and overhead costs would average $30.70 per unit. The local wage rate for direct labor is $26.00 per hour. Kearnay has a goal of eaming an operating profit of 30.00 percent of manufacturing costs for each of is products Required: What drect labor-hour input (hours per unit) could Kearney allow and still achieve its proft goa? (Round your answer to 2 decimal places to 2 decimal places.) References Book & Resources Diticulty. 2 Medium Oejective 04-03 Understand several approaches for establiahing prices bas@d on costa for long-run prcing

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