Shermingham Shoes Company makes and sells a variety of leather shoes for children. For its current mix of different models and sizes, the average selling price and costs per pair of shoes are as follows: LOADING... (Click the icon to view the data.) Shoes are manufactured in batch sizes of 100 pairs. Each batch requires 7 machine hours to manufacture. The plant has a total capacity of 5 comma 000 machine hours per month, but current monthly production consumes only about 70 % of the capacity. A discount store has approached Shermingham to buy 8 comma 000 pairs of shoes next month. It has requested that the shoes bear its own private label. Embossing the private label will cost Shermingham an additional $ 0.30 per pair. However, no variable selling costs will be incurred for fulfilling this special order. Requirement Determine the minimum (floor) price that Shermingham Shoes should charge for this order. What other considerations are relevant in this decision? First select the labels then calculate the minimum (floor) price that Shermingham should charge for the new order. (Enter amounts to the nearest cent. Leave unused cells blank.) Floor price per unit

ITEM		AMOUNT
Price		$29
Costs:
	Direct materials	$6
	Direct labor	8
	Variable manufacturing overhead	4
	Variable selling costs	3
	Fixed overhead	3
Total costs		$24