Oceanside Dairy, maker of specialty cheeses, produces a soft cheese from the milk of Holstein cows raised on a special corn-based diet. One kilogram of soft cheese, which has a contribution margin of $12, requires 4 litres of milk. A well-known gourmet restaurant has asked Oceanside Dairy to produce 2,700 kilograms ofa hard cheese from the same milk of Holstein cows. Knowing that the dairy has sufficient unused capacity, Elise Princiotti, owner of Oceanside Dairy, calculates the costs of making 1 kilogram of the desired hard cheese: (Click the icon to View the costs for t kilogram of hard cheese.) @uired Requirement 1. Suppose Oceanside Dairy can acquire all the Holstein milk that it needs. What is the minimum price per kilogram it should charge for the hard cheese? If Oceanside Dairy can get all the Holstein milk it needs and has sufficient production capacity, then the minimum price per kilogram it should charge forthe hard cheese is $ per kilo. . - X Data table Req urred 1. Suppose Oceanside Dairy can acquire all the Holstein milk that it needs. What Wk (10 litres X 8100 per litre) S 10 is the minimum price per kilogram it should charge for the hard cheese? Variable direct manufacturing labour 4 2. Now suppose that the Holstein milk is in short supply. Every kilogram of hard . . cheese produced by Oceanside Dairy will reduce the quantity of soft cheese Variable manufacturing overhead 5 that it can make and sell. What is the minimum price per kilogram it should 6 Fixed manufacturing cost allocated charge to produce the hard cheese? ED M 01 Total manufacturing cost