Required information

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The following data pertain to Lawn Master Corporations top-of-the-line lawn mower.

Variable manufacturing cost	$ 307
Applied fixed manufacturing cost	51
Variable selling and administrative cost	63
Allocated fixed selling and administrative cost	?

To achieve a target price of $519 per lawn mower, the markup percentage is 12.8 percent on total unit cost.

2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $519 per mower: Note: Round your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).

In this format:

Cost-Plus Pricing Formula

(a) Variable Manufacturing Cost | $519 = $_____ + (_____)%

(b) Absorption Manufacturing Cost | $519 = $_____ + (_____)%

(c) Total Variable Cost | $519 = $_____ + (_____)%