Use below information for Questions 7 to 8: X Inc. produces skirts from a special fabric. The fabric is special because of the way it fits many body types. A well-known retail establishment has asked X Inc. to produce 3,060 t-shirts from the same fabric. The factory has unused capacity, so the owner of X Inc., calculates the cost of making a t-shirt from the fabric. Per unit input consumption and cost data for the skirts and t-shirts are as follows: Skirts T-Shirts Fabric in units 6.40 4 DL hours 3 1.40 Variable MOH costs $8.10 $5 Fixed MOH costs $16 $9.80 Unit contribution margin for skirts is $41. Unit fabric cost is $12, DL per hour is $12. Q-7) Suppose X Inc. can acquire all the fabric that it needs. What is the minimum price the company should charge for the t-shirts? Q-8) Now suppose that the fabric is in short supply. Every unit of fabric X Inc. uses to make t-shirts will reduce the skirts that it can make and sell. What is the minimum price the company should charge for the t-shirts? (Assume fractional number of skirts and t-shirts can be produced and sold.)