Calculate the answers to the following. Place your answers in a word document and place in the Determine Pricing Dropbox. Suppose you're turning a jewelry-making hobby into a business. You have $1,000 per month of fixed costs (studio rent, utilities, equipment, etc.). Your variable costs for each necklace are $50 for materials and labor. You'd like to charge $70 per necklace, since that's what similar pieces are selling for. That means you'd need to sell break even. You work for a company that makes and sells watches. Calculate the breakeven point for a watch that costs $14 to make and market, and that will be 2 sold for $40. The total quantity that will be sold at that price is 100,000 watches 3 Determine the retail price for a calculator that a business wants to mark up $3.49 above its cost of $6.50