The product selected is a lip balm that will be sold in a lipstick-type tube. The product will be sold to wholesalers in boxes of 24 tubes for $18.00 per box. Because of excess capacity, no additional fixed manufacturing overhead costs will be incurred to produce the product. However, a $90,000 charge for fixed manufacturing overhead will be absorbed by the product under the company's absorption costing system. Using the estimated sales and production of 100,000 boxes of Lip-Off, the Accounting Department developed the following manufacturing cost per box: Direct Materials $5.60 Direct Labor 3.00 Manufacturing overhead 2.40 Total Cost $11.00 The costs above relate to making both the lip balm and the tube that contains it. As an alternative to making the tubes for Lip-Off, GLCI has approached a supplier to discuss the possibility of buying the tubes. The purchase price of the supplier's empty tubes would be $2.35 per box of 24 tubes. If GLCI Industries stops making the tubes and buys them from the outside supplier, its direct labor and variable manufacturing overhead cost per box of Lip-Off would be reduced by 10%, and its direct materials costs would be reduced by 25%. Required: 1. If GLCI buys its tubes from the above-mentioned outside supplier, how much of its own Lip-Off manufacturing costs per box will it be able to avoid? [8 Marks]