Required Information The Following Information Applies To The Questions Displayed Below The Following Data Pertain To 1 (28.44 KiB) Viewed 41 times
Required information [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 $293 Applied fixed manufacturing cost 59 Variable selling and administrative cost 53 Allocated fixed selling and administrative cost ? To achieve a target price of $510 per lawn mower, the markup percentage is 13.3 percent on total unit cost. Required: 1. What is the fixed selling and administrative cost allocated to each unit of Lawn Master's top-of-the-line mower? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Allocated fixed selling and administrative cost
2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $510 per mower: (Round your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) Cost-Plus Pricing Formula (a) Variable manufacturing cost $ 510 % x (b) Absorption manufacturing cost $ 510 = % (c) Total variable cost $ 510 = % x
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