please answer it ASAP, also explain how it is done thanks so much

The Scottle Sweater Company produces sweaters under the Scottie" label. The company buys raw wool and processes it into wool yarn from which the sweaters are woven. One spindle of wool yarn is required to produce one sweater. The costs and revenues associated with the sweaters are given below: $ 30.00 Selling price per sweater Cost per sweater to manufacturer Raw materials: Wool yarn Buttons, thread, lining Total raw materials Direct labour Manufacturing overhead Manufacturing profit (loss) $16.00 2.00 18.00 5.80 3.70 32.50 $(2.50) Originally, all of the wool yarn was used to produce sweaters, but in recent years a market has developed for the wool yarn itself. Current cost and revenue data on the yarn are given below $20.00 Selling price per spindle of yarn Cost to manufacture Row waterials (raw wool) Direct labour Manufacturint overhead Manufacturing profit $7.00 3.60 5.40 16.00 $.4.00 All of the manufacturing overhead costs are tied and would not be affected even if sweaters were discontinued. Manufacturing overhead is assigned to products on the basis of 150% of direct labour cost. Materials and direct lobour costs are variable (Round the final answers to 2 decimal places.) 1. What is the incremental contribution margin (if any) from further processing the wool into sweaters? Incremental contribution margin 2. What is the lowest price that the company should accept for a sweater? Minimum price