Part 1 Exercise #1 The following information relates to Everstream Ltd: Variable manufacturing cost 500 Applied fixed manufacturing cost 160 Variable selling and administrative cost 130 Allocated fixed selling and administrative cost ? To achieve the target price of $1,035 per unit, the mark-up percentage based on total unit cost is 15%. Required: (a) Calculate the allocated fixed selling and administrative cost per unit. (b) Develop a cost-plus pricing formula that will result in the target price for each of the following bases: Variable manufacturing cost (1i) Absorption manufacturing cost (iii) Total variable cost