Exercise 7-4 Evaluating a Special Order [LO7-4) Imperial Jewelers is considering a special order for 12 handcrafted gold bracelets to be given as gifts to members of a wodding party. The seling price of a gold bracelet is $404.00 and its unit product cost is $269.00 as shown below Direct matenals Cirect labor Manufacturing overhead Unit product cost 145 5 269 Most of the marufacturing averhead is foxed and unaffected by variations in how much jewelry is produced in any given period. However, $8 of the produced. The customer who is interested in the specisl braceiet order would like special Sigree applied to the bracelets. This fligree would require addtional materials costing $7 per bracelet and would also require acquisition of a special tool costing $454 that would have no other use once the special order is completed. This order would have no efect on the company's reguar sales and the order could be fufilied using the company's exising capacity without affecting any other order Required 1. What effect would accepting this order have on the company's net operating income if a special price of $364 00 per bracelet is offered for his order? (Enter all amounts as positive values.) otal 12 Unit Ingremental revenue ncrementai costs Direct materais Direct labor Special fligree Total warable cost Purchase of special o0 Tatal incremental cost Incremental net operaing income Doss) 2. Should the special order be accepled at this price