What price should be charged for chairs produced in january

Reference no: EM131933475

Problem

Oxmoor Manufacturing Co. expects to make 30, 300 chairs during the 2013 accounting period. The company made 5, 100 chairs in January. Materials and labor costs for January were $17, 800 and $25, 300, respectively. Oxmoor produced 1, 200 chairs in February. Material and labor costs for February were $8, 900 and $13, 500, respectively. The company paid the $303,000 annual rental fee on its manufacturing facility on January 1, 2013. Assuming that Oxmoor desires to sell its chairs for cost plus 35 percent of cost, what price should be charged for the chairs produced in January and February?

Reference no: EM131933475

Questions Cloud

Write a summary about the article-school officials : Read the case study titled "School Officials from Marshall Metro High School Attempt to Motivate Students & Teachers to Achieve Higher Performance".

Could dr grant have avoided the current situation : What problem(s) does Dr. Grant face? Could Dr. Grant have avoided the current situation? How?

What is total partnership capital after r retires receiving : What is the total partnership capital after R retires receiving $160,000 and using the goodwill method (assume all capital accounts are revalued)?

Discuss your thoughts on google glass and the wearable : If you were in Woodman's shoes, what creative ways could you think of to promote and gain traction for your new gadget?

What price should be charged for chairs produced in january : Assuming that Oxmoor desires to sell its chairs for cost plus 35 percent of cost, what price should be charged for the chairs produced in January and February?

What are the facts in the case : The results of a rigorous study that John has just completed, indicate that a 7.3-magnitude quake will hit one of four fault lines.

What amount of dividends will the shareholder receive : If dividends are not paid in 2017 and 2018, but are paid in 2019, what amount of dividends will the shareholder receive?

Why do we have such principles in our commercial world : What are the characteristics of an unequal bargain that must or might be demonstrated to indicate unconscionability? Refer to appropriate cases.

Prepare the journal entry to record the retirement : StarCenter Co. retires 40% of the bonds at a cost of $2,040,000 plus accrued interest. Prepare the journal entry to record this retirement.

User Account

All Pages