what is the opportunity cost?

Wallawalla produces a mint syrup used by gum and candy companles. Recently, the compary has had eccess capacity due to a new competitor entering its market. Walla Walla is currently bldding on a potential order from Quality Candy for 4,000 cases of syrup. The estimated cost of esch case is $18.40, as follows: The predetermined overhead rate is $1.40 per direct labor dollar. This was es timated by dividingestimated annual overhead ($864,000) by estimated annual direct labor ($480,000). The $64,000 of overhead is composed of $216,000 of variable costs and $648,000 of foed costs The largest foed cost relates to depreciation of plant and equipment. (a) With respect to overhead, what is the opportunity cost of producing a case of syrup? (Round answer to 2 decimal places, es. 15.25) Opportunity cost eTextbook and Media Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be avallable when you complete the part above