Smood Lesson 11 EP (Extra Credit) 2 Jones Products manufactures and sells to wholesalers approximately 100,000 packages per year of underwater markers at $3.81 per package. Annual costs for the production and sale of this quantity are shown in the table. 10 points Direct material Direct labor Overhead Selling experien Mittrative expenses Total costs and expenses 9128,000 32,000 96.000 40,000 22.000 $325,000 A new wholesaler has offered to buy 17,000 packages for $9.49 each. These markers would be marketed under the wholesaler's name and would not affect Jones Products's soles through its normal channels. A study of the costs of this additional business reveals the following: Direct materials costs are 100% variable Per unt direct labor costs for the additional units would be 50% higher than normal because their production would require overtime pay at 1 times the usual labor rate. 25% of the normal annual overhead costs are fixed at ony production level from 50,000 to 200,000 units. The remaining 75% of the annual overhead costs are variable with volume. Accepting the new business would involve no additional selling expenses. Accepting the new business would increase administrative expenses by a $5,000 fixed amount. Required: Complete the three-column comparative income statement that shows the following. (Round your intermediate calculations and per unit cost answers to 3 decimals.) 1 Annual operating income without the special order. 2. Annual operating incomo received from the new business only 3. Combined annual operating income from normal business and the new business. Lesson 11 EP (Extra Credit) 2 Required: Complete the three-column comparative Income statement that shows the following. (Round your Intermediate calculations and per unit cost answers to 3 decimals.) 1. Annual operating income without the special order. 2. Annual operating Income received from the new business only 3. Combined annual operating income from normal business and the new business, 10 points Total ebook Per Unit Amounts Normal Volume New Business $ 381 $ 17,000.00 Normal Volume Now Business Combined Sales Variable costs: Direct materials Direct labor Variable overhead Selling expenses Total variable costs Gross profit 0.000 0 0.000 0 0 0 0 Fixed costs Fixed overhead Administrative expenses 0 0 0 0 0 Total food costs Operating income $