The following data pertain to L awnMate Corporation's top-of-the-line lawn mower Variable manufacturing cost Applied...
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The following data pertain to L awnMate Corporation's top-of-the-line lawn mower Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative $302 49 67 cost Allocated fixed selling and administrative cost To achieve a target price of $513 per lawn mower, the markup percentage is 11.6 percent on total unit cost. Exercise 15-32 Part 1 Required: 1. What is the fixed selling and administrative cost allocated to each unit of LawnMate's top-of-the-line mower? (Round your intermediate calculations and final answers to nearest dollar amount.) Allocated fixed selling and administrative cost 2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $513 per mower. (Round your percentage values to 2 decimal places (i.e. .1234 should be entered as 12.34).) Cost-Plus Pricing Formula (a) Variable manufacturing cost b)Absorption manufacturing cost (c) Total variable cost
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