Buoy manufactures flotation vests in Charleston, South Carolina. Buoy's contribution margin income statement for the month ended March 31, 2018, contains the following data: (Click the icon to view the cost information.) Read the requirements Suppose Overlook wishes to buy 4,700 vests from Buoy. Buoy will not incur any variable selling and administrative expenses on the special order. The Buoy plant has enough unused capacity to manufacture the additional vests. Overlook has offered $10 per vest, which is below the normal sales price of $17. Requirement 1. Identify each cost in the income statement as either relevant or irrelevant to Buoy's decision. Variable Manufacturing Costs relevant Variable Selling and Administrative Costs irrelevant Fixed Manufacturing Costs Fixed Selling and Administrative Costs irrelevant irrelevant Requirement 2. Prepare a differential analysis to determine whether Buoy should accept this special sales order. (Enter decreases to revenue or increases to costs with a parentheses or minus sign.) in operating income Data table Buoy Income Statement For the Month Ended March 31, 2018 30,000 $ 510,000 Requirements 1. Identify each cost in the income statement as either relevant or irrelevant to Buoy's decision. 2. Prepare a differential analysis to determine whether Buoy should accept this special sales order. 3. Identify long-term factors Buoy should consider in deciding whether to accept the special sales order. Sales in Units Net Sales Revenue Variable Costs: Manufacturing Selling and Administrative Total Variable Costs Contribution Margin Print Done 150,000 104,000 254,000 256,000 Fixed Costs: Manufacturing 128,000 Selling and Administrative 86,000 214,000 Total Fixed Costs 42,000 Operating Income