Honeytelligence, Inc produces beekeeper suits for beekeepers across the country. Currently they sell around 50,000 suits annually. The full per unit cost for the 50,000 suits is as follows:
Direct materials	$26
Direct labor	10
Manufacturing overhead (60% variable)	24
Selling expenses (40% variable)	14
Administrative expenses (10% variable)	5
Total per unit	$79
Cledus Enterprises recently approached Honeytelligence with a special order to purchase 10,000 suites for $60. Honeytelligence currently sells individual suits for $100. Capacity is sufficient to produce the extra 10,000 units.
REQUIRED
1. Ignoring the special order, create a contribution margin income statement that shows the operating profit of the 50,000 suits Honeytelligence currently sells.
2. Determine the impact on profit of accepting the order. Should Honeytelligence accept the special order?
3. Determine the minimum price Honeytelligence would need on the special order so that before tax profits for the company would increase by $75,000 (over their current profit calculated in #1).