As of December 1, 2021, X Company had produced and sold 68,200 units of its only product. The following is the company's December 1 Income Statement: Total Per-Unit Sales Cost of goods sold Gross profit Selling & administrative costs Profit $824,538 $12.09 552,420 8.10 272,118 3.99 156,860 $115,258 2.30 $1.69 Analysis of cost of goods sold reveals that $409,200 of it was variable; a similar analysis of selling & administrative costs reveals that $81,840 of it was fixed. On December 2, a company offered to buy 4,250 units for $10.70 each. Because the special order product was slightly different than the regular product, direct material costs were expected to decrease by $0.15 per unit, and some special equipment would have to be rented for a total of $18,000. 4. What would profit have been on the special order? Submit Answer Tries 0/4 5. If X Company had accepted the special order, it would have had to lower the selling price of its regular product to $11.57 per unit to prevent the loss of regular customers. This price reduction would have decreased company profits by Submit Answer Tries 0/4