The following data pertain to L awnMate Corporations top-of-the-line lawn mower.

Variable manufacturing cost	$	301
Applied fixed manufacturing cost		57
Variable selling and administrative cost		57
Allocated fixed selling and administrative cost		?

To achieve a target price of $518 per lawn mower, the markup percentage is 12.5 percent on total unit cost.

Required:

1.

What is the fixed selling and administrative cost allocated to each unit of LawnMates top-of-the-line mower?

2.	For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $518 per mower. (Round your percentage values to 2 decimal places (i.e. .1234 should be entered as 12.34).)

		Cost-Plus Pricing Formula
(a)	Variable manufacturing cost	$	=		+	(		%			)
(b)	Absorption manufacturing cost		=		+	(		%			)
(c)	Total variable cost		=		+	(		%			)