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ThreePoint Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2020, the company reported the following operating

ThreePoint Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2020, the company reported the following operating results while operating at 80% of plant capacity and producing 120,000 units. Amount $4,680,000 Sales Cost of goods sold 3,685,200 Selling and administrative expenses 499.200 Net income $495,600 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $228,000. In July, normally a slack manufacturing month, ThreePoint Sports receives a special order for 10,000 basketballs at $27 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.76 per unit because of shipping costs but would not increase fixed costs and expenses. (c) What is the minimum selling price on the special order to produce net income of $5.05 per ball? (Round answer to 2 decimal places. eg. 15.25) Minimum selling price $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit

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