[The following information applies to the questions displayed below.]

The following data pertain to L awnMate Corporations top-of-the-line lawn mower.

Variable manufacturing cost	$	356
Applied fixed manufacturing cost		45
Variable selling and administrative cost		60
Allocated fixed selling and administrative cost		?

To achieve a target price of $565 per lawn mower, the markup percentage is 13.0 percent on total unit cost.

Required:

1.

What is the fixed selling and administrative cost allocated to each unit of LawnMates top-of-the-line mower? (Round your intermediate calculations and final answers to 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 $565 per mower. (Round your percentage values to 2 decimal places (i.e. .1234 should be entered as 12.34).)