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Question 1. (special order) You sell high-quality fake IDs to college students at a regular price of $50. Your financial results for 20X9 are summarized

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Question 1. (special order) You sell high-quality fake IDs to college students at a regular price of $50. Your financial results for 20X9 are summarized in the following contribution margin statement: 20x9 Sales volume (#units) 90 Revenue $4,500 Variable costs $1,800 Contribution margin $2,700 Fixed costs $1,350 Profit $1,350 Special order: You have been approached by a client who wants to buy 25 units at a discounted price of $30 per unit. You have enough spare capacity to fulfill this special order without cutting back on your regular business (90 units at $50). Required: 1. Compute total profit with the special order (total for the regular business plus the special order). To do that, compute total revenue, costs, etc with special order: Total revenue=$ Total VC=$ Total CM=$ Total FC=$ Profit = $ 2. Make a decision based on total profits with and without the special order. Should you take this special order? (enter 1 if yes, 2 if no)

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