1. 2. Show all workings for all questions in order to obtain credit for the final answer A small company has patented a new device for washing dishes. The annual fixed cost to make the device is $70,000. The variable cost, including raw materials and labor to make the device is $10.00. The company sells the device for $30.00 apiece. a. How many pieces will the company need to sell in order to break even? b. If the company sells 25,000 pieces annually, determine the following: (i) annual total cost (ii) annual total revenue (iii) annual total profit. City Machine Inc. can make a part for an equipment at a variable cost of $15 a unit. The annual fixed cost for equipment to make it is $40,000. The company found an outside supplier who will supply the part for $10 a unit if City Machine Inc. will pay the supplier's annual fixed costs of $100,000 per year (see table). ALTERNATIVE Buy Make VARIABLE COST $10 per unit FIXED COST $100,000 per year $40,000 per year $15 per unit Refer to the instruction above to; (a) Compute the total annual cost to buy. (b) Compute the total annual cost to make. (c) Should City Machine Inc make or buy?