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Required information 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
Required information 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. To achieve a target price of $551 per lawn mower, the markup percentage is 12.5 percent on total unit 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 $551 per mower: (Round rour percentage answers to 2 decimal places (i.e., 1234 should be entered as 12.34).)
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