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Required information [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
Required information [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 $ 295 60 69 ? To achieve a target price of $526 per lawn mower, the markup percentage is 11.9 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 $526 per mower: (Round your percentage answers to 2 decimal places (i.e., 1234 should be entered as 12.34).) Cost-Plus Pricing Formula 526 % X (a) Variable manufacturing cost (b) Absorption manufacturing cost (c) Total variable cost $ $ % 526 = 526 = $ %
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