The Dairy Division of Bonita Industries produces and sells milk to outside customers. The operation has the capacity to produce 200000 gallons of milk a year. Last year's operating results were as follows: $620000 Sales (155000) gallons Variable costs Contribution margin Fixed costs 302250 317750 100000 $ 217750 Net Income Assume the Dairy Division is operating at capacity. If the Yogurt Division wants to purchase 40000 gallons of milk from the Dairy Division, what is the minimum price that will allow the Dairy Division to maintain its current net income? $1.40 per gallon O 54.00 per gallon 52.05 per gallon O $1.95 per gallon Crane Corporation produces snowboards. The following per unit cost information is available: direct materials $10, direct labor $4, variable manufacturing over head $3, fixed manufacturing overhead $10, variable selling and administrative expenses $1, and fixed selling and administrative expenses $8. Using a 25% markup percentage on total per unit cost, compute the target selling price (Round answer to 2 decimal places, ey. 10.50.) Target selling price $ Crane Cheese Company has developed a new cheese Slicer called Slim Slicer. The company plans to sell this slicer through its catalog, which it issues monthly. Given market research, Crane believes that it can charge $30 for the Slim Slicer Prototypes of the Slim Slicer, however, are costing $32. By using cheaper materials and gaining efficiencies in mass production Crane believes it can reduce Slim Slicer's cost substantially Crane wishes to earn areturn of 40% of the selling price. (a) Compute the target cost for the Slim Slicer, Target cost $ Concord Small Engine Repair charges $46 per hour of labor. It has a material loading percentage of 39%. On a recent job replacing the engine of a riding Lawnmower, Concord worked 11.5 hours and used parts with a cost of $900. Calculate Concord's total bill Concord's total bill $