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Develop a cost-plus pricing formula

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Reference no: EM132982837

Question - The following information relates to Everstream Ltd:

Variable manufacturing cost 500

Applied fixed manufacturing cost 160

Variable selling and administrative cost 130

Allocated fixed selling and administrative cost ?

To achieve the target price of $1,035 per unit, the mark-up percentage based on total unit cost is 15%.

Required -

(a) Calculate the allocated fixed selling and administrative cost per unit.

(b) Develop a cost-plus pricing formula that will result in the target price for each of the following bases:

(i) Variable manufacturing cost

(ii) Absorption manufacturing cost

(iii) Total variable cost

Reference no: EM132982837

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