Thornton Manufacturing Co. expects to make 31,900 chairs during the year 1 accounting period. The...
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Thornton Manufacturing Co expects to make chairs during the year accounting period. The company made chairs in January. Materials and labor costs for January were $ and $ respectively. Thornton produced chairs in February. Material and labor costs for February were $ and $ respectively. The company paid the $ annual rental fee on its manufacturing facility on January year The rental fee is allocated based on the total estimated number of units to be produced during the year. Required Assuming that Thornton desires to sell its chairs for cost plus percent of cost what price should be charged for the chairs produced in January and February? Round intermediate calculations and final answers to decimal places. What is the price per unit for January and February
Thornton Manufacturing Co expects to make chairs during the year accounting period. The company made chairs in January. Materials and labor costs for January were $ and $ respectively. Thornton produced chairs in February. Material and labor costs for February were $ and $ respectively. The company paid the $ annual rental fee on its manufacturing facility on January year The rental fee is allocated based on the total estimated number of units to be produced during the year.
Required
Assuming that Thornton desires to sell its chairs for cost plus percent of cost what price should be charged for the chairs produced in January and February? Round intermediate calculations and final answers to decimal places. What is the price per unit for January and February
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