E1924 Special order: manufacturer \"319-4 International Chemical Company (ICC) recently received an order for a product that It does not normally 19-5 produce. Since the company has spare production capacity, management is considering accepting the order. In analysing the decision. the assistant accountant Is compiling the relevant costs of producing the order. Production of the special order would require 8000 kilograms of theollte. International Chemical Company does not use theolite for Its regular product. butthe firm has 8000 kilograms ofthe chemical on hand from the days when It used theoilte regularly. The theollte could be sold to a chemical wholesaler for $29000. The carrying amount of the theolite is $4 per kilogram. International Chemical Company could buy theolite for $4.80 per kilogram. , PART FOUR INFORMATION FOR CREATING VALUE Required: 1. What is the relevant cost of theolite for the purpose of analysing the special order decision? 2. Discuss each Item ofnumerlcal data given In the exercise with regard to Its relevance in making the decision