Requirements 1. What is the opportunity cost to Panther of producing the 3,500 units of Stronglast? (Assume that no overtime is worked.) 2. The Chesapeake Corporation has offered to produce 3,500 units of Everlast for Panther so that Panther may accept the Apex offer. That is, if Panther accepts the Chesapeake offer, Panther would manufacture 8,000 units of Everlast and 3,500 units of Stronglast and purchase 3,500 units of Everlast from Chesapeake. Chesapeake would charge Panther $51 per unit to manufacture Everlast. On the basis of financial considerations alone, should Panther accept the Chesapeake offer? Show your calculations. 3. Suppose Panther had been working at less than full capacity, producing 8,000 units of Everlast, at the time the Apex offer was made. Calculate the minimum price Panther should accept for Stronglast under these conditions. (Ignore the previous $53 selling price.) Manufacturing overhead cost per unit is based on variable cost per unit of $11 and fixed costs of $34,500 (at full capacity of 11,500 units). Marketing cost per unit, all variable, is $2, and the selling price is $60. The Panther Corporation is working at full production capacity producing 11,500 units of a unique product, Everlast. Manufacturing cost per unit for Everlast is as follows: (Click the icon to view the cost per unit information.) A customer, the Apex Company, has asked Panther to produce 3,500 units of Stronglast, a modification of Everlast. Stronglast would require the same manufacturing processes as Everlast. Apex has offered to pay Panther $53 for a unit of Stronglast plus half of the marketing cost per unit. Read the requirements. Requirement 1. What is the opportunity cost to Panther of producing the 3,500 units of Stronglast? (Assume that no overtime is worked.) Determine the formula for calculating the opportunity cost, then calculate the opportunity cost of producing the 3,500 units of Stronglast. - )= Opportunity cost