Question 3 4 pts Blues Magoos Company manufactures a special pipe fitting that sells for $7.25 and has the following unit cost characteristics: Direct Materials $2.50 Direct Labor 1.80 Variable Overhead 0.60 2.70 Fixed Overhead (150% of direct labor) Variable Selling Expenses 0.40 The company has received an order for 4,000 fittings at $5.50 each. This is a one-time order, and the company has capacity available to produce the extra fittings. However, there would be special setup costs of $500 for the order, and the variable selling expenses would not be incurred for the order. Determine the incremental profit (or loss) if this order is accepted: 4 pts Question 4 LLG Co. reports the following data for a recent period: Labor Efficiency $6,000 Variance Favorable Total Labor Cost $12,000 Variance Unfavorable Actual Wage $12/ Hour Rate Paid Standard Wage Rate $11.70 / Hour The actual hours worked during this period was