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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 Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost To achieve a target price of $468 per lawn mower, the markup percentage is 11.5 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 $468 per mower: ( your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) Cost-Plus Pricing Formula (a) Variable manufacturing cost (b) Absorption manufacturing cost (c) Total vanable cost $ 274 43 64 ? $ $ $ 468- 468 = 468 = % % % X X Xx

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 Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost To achieve a target price of $468 per lawn mower, the markup percentage is 11.5 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 $468 per mower: ( your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) Cost-Plus Pricing Formula (a) Variable manufacturing cost (b) Absorption manufacturing cost (c) Total vanable cost $ 274 43 64 ? $ $ $ 468- 468 = 468 = % % % X X Xx

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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 Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost To achieve a target price of $468 per lawn mower, the markup percentage is 11.5 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 $468 per mower: (Roun your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) Cost-Plus Pricing Formula (a) Variable manufacturing cost (b) Absorption manufacturing cost (c) Total vanable cost $ $ 274 43 64 2 $ $ 468 = 468 = 468 = +++ % % %x X
Transcribed Image Text: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 Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost To achieve a target price of $468 per lawn mower, the markup percentage is 11.5 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 $468 per mower: (Roun your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) Cost-Plus Pricing Formula (a) Variable manufacturing cost (b) Absorption manufacturing cost (c) Total vanable cost $ $ 274 43 64 2 $ $ 468 = 468 = 468 = +++ % % %x X
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