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The following data pertain to Royal Lighting Companys oak-clad, contemporary chandelier. Variable manufacturing cost $ 350 Applied fixed manufacturing cost 105 Variable selling and administrative
The following data pertain to Royal Lighting Companys oak-clad, contemporary chandelier.
Variable manufacturing cost | $ | 350 | |
Applied fixed manufacturing cost | 105 | ||
Variable selling and administrative cost | 57 | ||
Allocated fixed selling and administrative cost | 87 | ||
Required:
For each of the following cost bases, develop a cost-plus pricing formula that will result in a price of $735 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 2. Absorption manufacturing cost 3. Total cost 4. Total variable cost $ $ $ $ 735 = 735 = 735 = 735 = + +
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