solve everything

Use the following to answer questions 6-10: REQUIRED SET 52.48 pts Variable costing, absorption costing decision making Sinclair Corporation has the following unit costs of manufacturing and marketing a chair at an expected output level of 20,000 chairs per month (240,000 chairs per year) $ Manufacturing Direct materials Direct labor Variable overhead Fedoverhead 1.00 120 Varble Fixed 0.90 Normal selling price 6.00 CONSIDER EACH OF THE FOLLOWING QUESTIONS INDEPENDENTLY 6. the company counted 10,000 chairs, what would be the standard cost of the inventory on hand? 7. Using variable costing for internal use, the standard cost of an inventory of 10,000 chairs 8. The company is budgeting for the upcoming year. The company is considering reducing its selling price by $ 20 per unit. Based on their estimates, this will increase unit sales 10%. Is this a good idea? Why or why not? 9. The company has extra capacity and is looking to utilize it by making a bid on a contract for 10.000 units If they get the order, the company expects variable marketing costs for this order will amount to only $.75 per unit. Additionally, it will cost a ford fee of $4,000 to obtain the contract. This is a very price competitive product so the company is looking to make the lowest bid that they can. What is the minimum charge without negatively impacting their bottom line? 10. Markoff corporation has approached the company and has offered to manufacture the chairs AND ship they to customers. Sinclair figures that fixed overhead will be cut by 50%. They also estimate that they will save 20% on variable marketing costs (shipping). What is the maximum price that Sinclair would be willing to pay Markoff without hurting operating income? OPTIONAL COMPUTATION AREA FOR QUESTIONS 6-10