Exercise M-3 (Part Level Submission) Leno Company makes swimsuits and sells these suits directly to...
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Exercise M-3 (Part Level Submission) Leno Company makes swimsuits and sells these suits directly to retailers, Although Leno has a variety of suits, it does not make the All-Body suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the All-Body suit would sell for approximately $107. Given its experience, Leno believes the All-Body suit would have the following manufacturing costs. $23 Direct materials Direct labor Manufacturing overhead49 Total costs 32 $104 (a1) Assume that Leno uses cost-plus pricing, setting the selling price 23% above its costs. what would be the price charged for the All-Body swimsuit? (Round answer to 2 decimal places, eg. 10.50.) Selling price s Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 5 used
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