Chapter 23 Question 1 of 2 eTextbook and Media 25/50 # Attempts: 1 of 3 used (c) What is the minimum selling price on the special order to produce net income of $5.15 per ball? (Round answer to 2 decimal places eg 15.25) Minimum selling price eTextbook and Media Homework: Chapter 23 Question 1 of 2 < > 25/50 Ivanhoe Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2022, the company reported the following operating results while operating at 80% of plant capacity and producing 119.500 units Amount $4,660,500 Sales Cost of goods sold 3,675,040 Selling and administrative expenses 516,825 Net income $468.635 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $236.000 In July, normally a slack manufacturing month, Ivanhoe Sports receives a special order for 10,000 basketballs at $27 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.27 per unit because of shipping costs but would not increase foxed costs and expenses Question 1 of 2 25/50 E (a) Prepare an incremental analysis for the special order. (Round all per unit computations to 2 decimal places, eg. 15.25. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) Jes goods sold and administrative expenses ome Reject Order Accept Order 270000 0 (227200) (31200) $ 0 Net Income Increase (Decrease) 270000 (227200) 31200 11600 $ 11600 Question 1 of 2 < > (b) Should Ivanhoe Sports Inc. accept the special order? Yes eTextbook and Media Attempts: 1 of 3 used (c) What is the minimum selling price on the special order to produce net income of $5.15 per ball? (Round answer to 2 decimal places eg 15.25) Minimum selling price $ eTextbook and Media