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What would be the minimum price for the skillets

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Reference no: EM132970048

Slo-Mo Industries, incurs the following costs for the skillets it produces.

                                    Per Unit                Total

Sales 50,000 units     $56.50            $2,825,000

Variable Costs:

Direct Materials            20.16               1,008,000

Direct Labor               16.98                849,000

Variable OH                  5.00                250,000

Contribution Margin

Fixed Costs:

Fixed OH                         .25                12,500

Income

Speedo Corp wants to order 25,000 skillets from Slo-Mo Industries as a special one-time order for $42.50 per skillet. (Slo-Mo Industries does have the extra capacity to produce the additional 25,000 skillets).

Problem 1: Should Slo-Mo Industries accept the order?

Problem 2: What would be the minimum price for the skillets it should accept?

Reference no: EM132970048

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