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[The following information applies to the questions displayed below.) The following data pertain to Lawn Master Corporation's top-of-the-line lawn mower. Variable manufacturing cost Applied
[The following information applies to the questions displayed below.) The following data pertain to Lawn Master Corporation's top-of-the-line lawn mower. Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost $ 295 52 60 ? To achieve a target price of $495 per lawn mower, the markup percentage is 12.5 percent on total unit cost. 2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $495 per mower your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) (a) Variable manufacturing cost $ 495= (b) Absorption manufacturing cost $ 495 = (c) Total variable cost $ 495 = Cost-Plus Pricing Formula % x % x % X
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