Cox Electric makes electronic components and has estimated the following for a new design of one of its products.

Fixed Cost $=$ $$12,000$

Material Cost per Unit $=$ $$0\mathrm{.}17$

Labor Cost per Unit $=$ $$0\mathrm{.}12$

Revenue per Unit $=$ $$0\mathrm{.}66$

Note that fixed cost is incurred regardless of the amount produced. Per$-$unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue.