Gary Stevens and Mary James are production managers in the Consumer Electronics Division of General Electronics Company, which has several dozen plants scattered throughout the world. Mary manages the plant located in Des Moines, Iowa, while Gary manages the plant in El Segundo, California. Production managers are paid a salary plus a bonus equal to 10% of their base salary if the entire division meets or exceeds its target profits for the year. The bonus is determined in March after the company’s annual report has been prepared and issued to stockholders.
The final processing department in Mary's production facility began the year with no work in process inventory. During the year, 340000 units were transferred in from the prior processing department and 321000 units were completed and sold. Costs transferred in from the prior department totaled 93160000. No materials are added in the final processing department. A total of 22476750 of conversion cost was incurred in the final processing department during the year. Required: 3. What percentage completion would increase net operating income by 41730 over the net operating income based on Winthrop's original estimates? NOte: round cost per unit to 2 decimal places. Do not round other intermediate calculations. Round your final answer to 2 decimal places.