Solomon Manufacturing Co. expects to make 30,700 chairs during the 2017 accounting period. The company...
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Accounting
Solomon Manufacturing Co. expects to make 30,700 chairs during the 2017 accounting period. The company made 4,800 chairs in January. Materials and labor costs for January were $17600 and $25,600, respectively. Solomon produced 1,200 chairs in February. Material and labor costs for February were $8,600 and $12,900, respectively The company paid the $521,900 annual rental fee on its manufacturing facility on January 1, 2017 Required Assuming that Solomon desires to sell its chairs for cost plus 45 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.) January February Price
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