MANAGERIAL ACCOUNTING QUIZ 7 Score Name Section Problem (10 points). Gladys Trombone makes wax figurines for various holidays to be sold in gift shops. Her selling price is $2.25 each. Her costs are as follows. GLADYS TROMBONE COSTS TO PRODUCE WAX FIGURINES Variable production cost per unit 0.75 Fixed production cost per unit 0.25 Gladys pays her salespeople a 10% commission on all sales. Other period expenses are all fixed in total at $20,000 per year. A large department store has asked Gladys to bid on providing 2,000 figurines during the Christmas scason. She has sufficient unused capacity to fill the order. Trombone's company has already done sufficient business to be profitable for the year prior to the bid request. REQUIRED: (1) If the department store is willing to pay $1.25 per figurine, should Gladys accept the order? Show computations to support your answer. What is the lowest bid price that Gladys could charge and still break even? Round your answer up to the next whole cent What price should Gladys charge for the order if she wants to make a $ 1,500 profit? Round your answer up to the next whole cent. (2) (3)