A company produces high quality hoodies. The cost per hoodie is:

Material$10

Thread$1

Decorations on the hoodies$5

Shipping and handling$1

Each worker earns $27,000 annually in salary and benefits. The number of workers changes based on the level of production.

The artist who creates the designs on the hoodies is paid $12,000 annually. Senior management are paid a total of $176,000 annually. Other annual costs are:

Taxes and Insurance$14,000

Utilities$40,000

Rent$29,500

Miscellaneous Overhead Expenses$15,500

The following production is possible:

No. Of Workers No. of hoodies that can be made

0 0

1 7000

2 16000

3 25000

4 33000

5 40000

6 42000

7 41000

1.Using all the costs provided, complete the following table and answer the questions. It would be easier if you set this up in an Excel spreadsheet. When you are done, you must submit it as a Word document with your answers. You will use this table to answer the rest.