Cost-plus pricing, missing data. Information relating to the costs of Brigham Ltd.’s only 1. Total product cost, $500 product is summarized below:

The company has established a target price of $575, which is a 15% markup on total product cost.
REQUIRED 1. What is the amount of fixed manufacturing overhead applied (allocated) to each unit?
2. Determine the percentage markup that would be necessary to achieve the target price of $575 under each of the following cost definitions:
i. Absorption manufacturing cost ii. Total variable product cost iii. Variable manufacturing costLO1

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Direct materials cost per unit Direct labour cost per unit Variable overhead cost per unit Applied fixed manufacturing cost per unit Variable selling and administrative cost per unit Allocated fixed selling and administrative cost per unit $145.00 $110.00 $ 90.00 $ 50.00 $ 30.00