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Thornton Manufacturing Co. expects to make 31,900 chairs during the year 1 accounting period. The...

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Accounting

Thornton Manufacturing Co. expects to make 31,900 chairs during the year 1 accounting period. The company made 4,800 chairs in January. Materials and labor costs for January were $16,700 and $24,600, respectively. Thornton produced 1,400 chairs in February. Material and labor costs for February were $9,600 and $12,700, respectively. The company paid the $797,500 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 Thornton desires to sell its chairs for cost plus 50 percent of cost, what price should be charged for the chairs produced in January and February? (Round intermediate calculations and final answers to 2 decimal places.) What is the price per unit for January and February ?

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