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Exercise 15-35 Cost-Plus Pricing Formulas; Missing Data (LO 15-3) [The following information applies to the questions displayed below.] The following data pertain to Lawn Master

Exercise 15-35 Cost-Plus Pricing Formulas; Missing Data (LO 15-3) [The following information applies to the questions displayed below.] The following data pertain to Lawn Master Corporation's top-of-the-line lawn mower. Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost $ 331 54 67 ? To achieve a target price of $565 per lawn mower, the markup percentage is 13.0 percent on total unit cost. Exercise 15-35 Part 1 Required: 1. What is the fixed selling and administrative cost allocated to each unit of Lawn Master's top-of-the-line mower? (Round your Intermediate calculations and final answer to the nearest whole dollar amount.) Allocated fixed selling and administrative cost Exercise 15-35 Part 2 2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $565 per mower: (Round your percentage answers to 2 decimal places (l.e., .1234 should be entered as 12.34).) (a) Variable manufacturing cost $ 565= (b) Absorption manufacturing cost $ 565= (c) Total variable cost $ 565= Cost-Plus Pricing Formula % + ( +( % % xxx ) ) )

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