Assume you are going to sell fun, school colored watches aimed at High School and college students. (Hint classify your expenses). See the table below for the monthly expenses. Classify $10 $75 Watch costs @1 Storage Locker & Kiosk Rent Monthly Marketing & website monthly Telephone Monthly Shipping avg. @1 $25 $50 $6 2. What are your Variable Costs per watch? 3. What are your Fixed Costs per watch? 4. What is your total expenses formula? 5. Currently you are selling the watch for $30, how many watches do you need to sell to break even? 6. How many watches do you need to sell if you want to make $500 profit? 7. What happens to break even if you get a 40% discount when you buy 1000 watches? 8. Would you use the discount? Why or why not