The following data pertain to Royal Lighting Company's oak-clad, contemporary chandelier. Variable manufacturing cost Applied fixed manufacturing cost. Variable selling and administrative cost Allocated fixed selling and administrative cost Required: For each of the following cost bases, develop a cost-plus pricing formula that will result in a price of $735 for the oak chandelie (Round your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) 1. Variable manufacturing cost 2. Absorption manufacturing cost 3. Total cost 4. Total variable cost $ $ $ $ 735 = 735 = 735 = 735 = Cost-Plus Pricing Formula + $350 105 57 87 + ( + ( + ( % % x % % x X X
The following data pertain to Royal Lighting Company's oak-clad, contemporary chandelier. Variable manufacturing cost Applied fixed manufacturing cost. Variable selling and administrative cost Allocated fixed selling and administrative cost Required: For each of the following cost bases, develop a cost-plus pricing formula that will result in a price of $735 for the oak chandelie (Round your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) 1. Variable manufacturing cost 2. Absorption manufacturing cost 3. Total cost 4. Total variable cost $ $ $ $ 735 = 735 = 735 = 735 = Cost-Plus Pricing Formula + $350 105 57 87 + ( + ( + ( % % x % % x X X
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter11: Differential Analysis And Product Pricing
Section: Chapter Questions
Problem 22E: Total cost method of product pricing Based on the data presented in Exercise 17, assume that Smart...
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