As of December 1, 2021, X Company had produced and sold 67,700 units of its only product. The following is the company's December 1 Income Statement: Total Per- Unit Sales $976,234 $14.42 Cost of goods sold 595,760 8.80 Gross profit 380,474 5.62 Selling & administrative 169,250 2.50 costs Profit $211,224 $3.12 Analysis of cost of goods sold reveals that $460,360 of it was variable; a similar analysis of selling & administrative costs reveals that $101,550 of it was fixed. On December 2, a company offered to buy 4,990 units for $13.21 each. Because the special order product was slightly different than the regular product, direct material costs were expected to increase by $0.20 per unit, and some special equipment would have to be rented for a total of $19,000. 4. What would profit have been on the special order? Submit Answer Tries 0/3 5. If X Company had accepted the special order, it would have had to lower the selling price of its regular product to $14.06 per unit to prevent the loss of regular customers. This price reduction would have decreased company profits by Submit Answer Tries 0/3