b) A company produces an electronic timing switch that is used in consumer and commercial products. The fixed cost (CF) is $70,000 per month, and the variable cost (cv) is $83 per unit. The selling price per unit is p=$1800.02(D). If your focus was on reducing expenses, would it be better to reduce the fixed cos1) or variable cost (B2) component? What is the effect of a 10% change in both of these factors? (Demonstrate using Spreadsheet and attach the file in PDF \& Excel format) [CO1:PO1] {C2} (6 marks) b) A company produces an electronic timing switch that is used in consumer and commercial products. The fixed cost (CF) is $70,000 per month, and the variable cost (cv) is $83 per unit. The selling price per unit is p=$1800.02(D). If your focus was on reducing expenses, would it be better to reduce the fixed cos1) or variable cost (B2) component? What is the effect of a 10% change in both of these factors? (Demonstrate using Spreadsheet and attach the file in PDF \& Excel format) [CO1:PO1] {C2} (6 marks)