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(Solved): Pls answer the following for Q25:a) What is the fixed selling and administrative cost allocated to ...
Pls answer the following for Q25:
a) What is the fixed selling and administrative cost allocated to each unit of LawnMate’s top-of-the-line mower?
b) For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $950 per mower:
(a) variable manufacturing cost
(b) absorption manufacturing cost
(c) total variable cost.
Cost-plus pricing formulas; missing data: manufacturer The following data relate to LawnMate Corporation's top-of-the-line lawnmower. To achieve a target price of per lawnmower, the markup percentage is 12.5 per cent on total unit cost.