Adams Manufacturing Company expects to make 3 0 , 4 0 0 chairs during the Year 1
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Question:
Adams Manufacturing Company expects to make chairs during the Year accounting period. The company made chairs in January. Materials and labor costs for January were $ and $ respectively. Adams 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 Adams desires to sell its chairs for cost plus percent of cost what price should be charged for the chairs produced in January and February?
Note: Round intermediate calculations and final answers to decimal places.
Related Book For
Survey Of Accounting
ISBN: 9781260575293
6th Edition
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds
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