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Determine chernin incremental profit or loss

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Question - Chernin Enterprises can make 1,000 shirts per month. Chernin sells 850 shirts per month to department stores at $8 per shirt. The company's cost per shirt based on making 1,000 shirts is:

Prime costs $4

Overhead costs (75% fixed at a volume of 1,000 shirts) $2

Gross Industries offers to buy 150 shirts with special lettering for $5 per shirt. The special lettering will cost Chernin $25 in total.

Determine Chernin's incremental profit or loss if the Gross offer is accepted?

Reference no: EM132600908

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