Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost To achieve a target price of $469 per lawn mower, the markup percentage is 11.6 percent on total unit cost. Exercise 15-35 Part 2 2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $469 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 (b) Absorption manufacturing cost (c) Total variable cost $ 282 47 58 ? $ $ $ 469 469- 469 % %

Variable manufacturing cost Applied fixed manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost To achieve a target price of $469 per lawn mower, the markup percentage is 11.6 percent on total unit cost. Exercise 15-35 Part 2 2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $469 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 (b) Absorption manufacturing cost (c) Total variable cost $ 282 47 58 ? $ $ $ 469 469- 469 % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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