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Problem - Imperial Jewelers is considering a special order for 21 handcrafted gold bracelets to be given as gifts to members of a wedding party. The normal selling price of a gold bracelet is $405.00 and its unit product cost is $266.00 as shown below:
Direct materials
$147
Direct labor
88
Manufacturing overhead
31
Unit product cost
$266
Most of the manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $6 of the overhead is variable with respect to the number of bracelets produced. The customer who is interested in the special bracelet order would like special filigree applied to the bracelets. This filigree would require additional materials costing $5 per bracelet and would also require acquisition of a special tool costing $459 that would have no other use once the special order is completed. This order would have no effect on the company's regular sales and the order could be fulfilled using the company's existing capacity without affecting any other order.
Required: What effect would accepting this order have on the company's net operating income if a special price of $365.00 per bracelet is offered for this order? (Enter all amounts as positive values.)
Per
Total 21
Unit
Bracelets
Incremental Revenue
365
7,665
Incremental Costs:
Variable Costs:
Direct Materials
3,087
Direct Labor
1,848
Variable Manufacturing Overhead
?
Special Filigree
5
105
Total Variable Cost
Fixed Costs:
Purchase of Special tool
459
Total Incremental Costs
Incremental net operating Income (loss)
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