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The following data pertain to Royal Lighting Company's oak-clad, contemporary chandelier. Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated
The following data pertain to Royal Lighting Company's oak-clad, contemporary chandelier. Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost $400 120 60 90 Required: For each of the following cost bases, develop a cost-plus pricing formula that will result in a price of $820 for the oak chandelier. (Round your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) Cost-Plus Pricing Formula 1. Variable manufacturing cost $ 820 + ( % 2. Absorption manufacturing cost $ 820= +( % x 3. Total cost $ 820= + % x 4. Total variable cost $ 820= + % x :)
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