## (Solved) Special-Order Pricing Decision Bob Johnson, Inc., sells a

Special-Order Pricing Decision

Bob Johnson, Inc., sells a lounging chair for \$24 per unit. It incurs the following costs for the product: direct materials, \$12; direct labor, \$8; variable overhead, \$3; and fixed overhead, \$1.

The company has received a special order for 46 chairs. The order would require rental of a special tool for \$270. Bob Johnson, Inc., has sufficient idle capacity to produce the chairs for this order.

Required:

Calculate the minimum price per chair that the company could charge for this special order if management requires a \$510 minimum profit on any special order. If required round your intermediate calculations to two decimal places. Round your final answer to two decimal places.

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This question was answered on: Oct 15, 2019

Solution~000.zip (25.37 KB)

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Oct 15, 2019

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