I need help on questions 1, 2, and 4 on the attached file. Thank you for helping me.

Week 7 Chapter 11 1. Loft Lake Cabinets is approached by Ms. Jenny Zhang, a new customer, to fulfill a large onetime-only special order for a product similar to one offered to regular customers. The following per unit data apply for sales to regular customers: Direct materials $50.00 Direct labor 62.50 Variable manufacturing support30.00 Fixed manufacturing support 37.50 Total manufacturing costs 180.00 Markup (60%) 108.00 Targeted selling price $288.00 Loft Lake Cabinets has excess capacity. Ms. Zhang wants the cabinets in cherry rather than oak, so direct material costs will increase by $15 per unit. Required: a. For Loft Lake Cabinets, what is the minimum acceptable price of this one-timeonly special order? b. Other than price, what other items should Loft Lake Cabinets consider before accepting this one-time-only special order? c. How would the analysis differ if there was limited capacity? Answer: 2. Hasselhoff Camera is considering eliminating Model EOS1 from its camera line because of losses over the past quarter. The past three months of information for model EOS1 is summarized below: Sales (1,000 units) Manufacturing costs: $250,000 Direct materials Direct labor ($15 per hour) Support Operating loss ($20,000) 90,000 80,000 100,000 Support costs are 70% variable and the remaining 30% is depreciation of special equipment for model EOS1 that has no resale value. Should Hasselhoff Camera eliminate Model EOS1 from its product line? Why or why not? Answer: Chapter 12 3. Explain the differences between short-run pricing decisions and long-run pricing decisions. Answer: 4. Steven Corporation manufactures fishing poles that have a price of $42.00. It has costs of $32.64 A competitor is introducing a new fishing pole that will sell for $36.00. Management believes it must lower the price to $36.00 to compete in the highly cost-conscious fishing pole market. Marketing believes that the new price will maintain the current sales level. Steven Corporation's sales are currently 200,000 poles per year. Required: a. What is the target cost for the new price if target operating income is 20% of sales? b. What is the change in operating income for the year if $18.00 is the new price and costs remain the same? c. What is the target cost per unit if the selling price is reduced to $36.00 and the company wants to maintain its same income level? Answer: 5. What is price discrimination, and when is it illegal