Exercise 15-32 Cost-Plus Pricing Formulas; Missing Data (LO 15-1, 15-3) [The following information applies to the questions displayed below.) The following data pertain to LawnMate 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 $295 46 64 ? To achieve a target price of $497 per lawn mower, the markup percentage is 13.0 percent on total unit cost. Exercise 15-32 Part 1 Required: 1. What is the fixed selling and administrative cost allocated to each unit of Lawn Mate's top-of-the-line mower? (Round your intermediate calculations and final answers to nearest 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 $497 per mower. (Round your percentage values to 2 decimal places (i.e. 1234 should be entered as 12.34).) Cost-Plus Pricing Formula (a) Variable manufacturing cost (6) Absorption manufacturing cost (c) Total variable cost %