Franklin Company, which produces and sells a small digital clock, bases its pricing strategy on a 35 percent markup on total cost. Based on annual production costs for 12,000 units of product, computations for the sales price per clock follow: Unit-level costs Fixed costs Total cost (a) Markup (a x 0.35) Total sales (b) Sales price per unit (b 12,000) $240,000 80,000 320,000 112,000 $432,000 36 Required a. Franklin has excess capacity and receives a special order for 5,000 clocks for $24 each. Calculate the contribution margin per unit. Based on this, should Franklin accept the special order? b. Prepare a contribution margin income statement for the special order Complete this question by entering your answers in the tabs below. RequiredA Required B Franklin has excess capacity and receives a special order for 5,000 clocks for $24 each. Calculate the contribution margin per unit. Based on this, should Franklin accept the special order? Contribution margin per unit Should Franklin accept the special order? Required A Required B Required A Required EB Prepare a contribution margin income statement for the special order. FRANKLIN COMPANY Contribution Margin Income Statement Direct labor Direct materials Fixed costs Incremental revenue Required A Required B