16 Book Benson Manufacturing Company expects to make 30,100 chairs during the Year 1 accounting period....
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16 Book Benson Manufacturing Company expects to make 30,100 chairs during the Year 1 accounting period. The company made 4,500 chairs in January. Materials and labor costs for January were $16,600 and $25,400, respectively. Benson produced 1,500 chairs in February. Material and labor costs for February were $9,700 and $13,400, respectively. The company paid the $722,400 annual rental fee on its manufacturing facility on January 1, Year 1. The rental fee is allocated based on the total estimated number of units to be produced during the year. Required Assuming that Benson desires to sell its chairs for cost plus 15 percent of cost, what price should be charged for the chairs produced in January and February? Note: Round intermediate calculations and final answers to 2 decimal places. January Price per unit February 16 Book Benson Manufacturing Company expects to make 30,100 chairs during the Year 1 accounting period. The company made 4,500 chairs in January. Materials and labor costs for January were $16,600 and $25,400, respectively. Benson produced 1,500 chairs in February. Material and labor costs for February were $9,700 and $13,400, respectively. The company paid the $722,400 annual rental fee on its manufacturing facility on January 1, Year 1. The rental fee is allocated based on the total estimated number of units to be produced during the year. Required Assuming that Benson desires to sell its chairs for cost plus 15 percent of cost, what price should be charged for the chairs produced in January and February? Note: Round intermediate calculations and final answers to 2 decimal places. January Price per unit February
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Cost Calculation Total Production Costs January Materials 16600 Labor 25400 Total 16600 25400 42000 ... View the full answer
Related Book For
Survey Of Accounting
ISBN: 9781260575293
6th Edition
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds
Posted Date:
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