The following data relate to LawnMate Corporation's top-of-the-line lawnmower. Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost $500 150 120 ? To achieve a target price of $950 per lawnmower, the markup percentage is 12.5 per cent on total unit cost. Required 1. What is the fixed selling and administrative cost allocated to each unit of LawnMate's 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 $950 per mower: (a) variable manufacturing cost (b) absorption manufacturing cost (c) total variable cost.