(4 points) Woods Corporation manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be...

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(4 points) Woods Corporation manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $160 per chair, consisting of 30% fixed costs. The company has surplus capacity available. It is Woods' policy to add a 60% markup to full costs. a. Woods Corporation is invited to bid on an order to supply 250 rustic chairs. What is the lowest price Woods should bid on this one-time-only special order? b. A large condominium chain is currently expanding and has decided to decorate all new condos using the rustic style. Woods Corporation is invited to submit a bid to the condo chain. What is the maximum cost per unit Woods could have if the sale price is $300 per chair? (4 points) Woods Corporation manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $160 per chair, consisting of 30% fixed costs. The company has surplus capacity available. It is Woods' policy to add a 60% markup to full costs. a. Woods Corporation is invited to bid on an order to supply 250 rustic chairs. What is the lowest price Woods should bid on this one-time-only special order? b. A large condominium chain is currently expanding and has decided to decorate all new condos using the rustic style. Woods Corporation is invited to submit a bid to the condo chain. What is the maximum cost per unit Woods could have if the sale price is $300 per chair?