Exercise 12-12 How the allocation of fixed cost affects a pricing decision LO 12-3 Rooney Manufacturing Co. expects to make 32,000 chalrs during the 2017 accounting period. The company made 4,700 chalrs In January. Materials and labor costs for January were $17,000 and $25,900, respectively. Rooney roduced 1,900 chairs In February. Material and labor costs for February were $9,300 and $13,900, respectively. The company paid the $384,000 annual rental fee on Its manufacturing facility on January 1, 2017 Required Assuming that Rooney desires to sell its chairs for cost plus 35 percent of cost, what price should be charged for the chalrs produced In January and February? (Round Intermedlate celculatlons and final answers to 2 decimal places .) January February Price