units capacity units. per unit Philip Products Company is producing a patented electronic component. Budgeted production= 100,000 The market demand is a little sluggish temporarily and the company is budgeted to operate at 80.0096 Philip recently received an order from Terry Corporation. Terry is not a regular customer for Philip Terry offers to purchase, strictly as a one time deal (as a special order) for a quantity of 45.000 Current selling price of Philip to its regular customers $9.00 Budgeted costs (for the budgeted production quantity) are as follows: Direct materials $140,000 Direct labor $150,000 Variable manufacturing overhead $160,000 Fixed manufacturing overhead $240,000 What is the minimum acceptable special order selling price for Philip Products Company? O A $7.00 8.54.50 OC 59.00 OD: 56.90 E. 56.50