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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).)

image text in transcribed

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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