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

Variable manufacturing cost	$	276
Applied fixed manufacturing cost		42
Variable selling and administrative cost		52
Allocated fixed selling and administrative cost		?

To achieve a target price of $470 per lawn mower, the markup percentage is 11.8 percent on total unit cost.

Required:

1. What is the fixed selling and administrative cost allocated to each unit of Lawn Masters top-of-the-line mower? (Do not round your intermediate computations. Round your final answer to the nearest dollar amount.)
2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $470 per mower: (Round your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).)

   		Cost-Plus Pricing Formula
   (a)	Variable manufacturing cost	$470	=		+	(		%			)
   (b)	Absorption manufacturing cost	$470	=		+	(		%			)
   (c)	Total variable cost	$470	=		+	(		%			)