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Cox Electric makes electronic components and has estimated the following for a new design of one of its products: Fixed Cost =$15,000 Material cost per

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Cox Electric makes electronic components and has estimated the following for a new design of one of its products: Fixed Cost =$15,000 Material cost per unit =$0.15 Laber cost per unit =$0.10 Revenue per unit =$0.65 Production Volume =12,000 Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all it produces, build a spreadsheet model that calculates the profit by subtracting the foxed cost and total variable cost from total revenue, and answer the following questions. (a) Construct a one-way data table with production volume as the column input and profit as the output: Breakeven occurs when profit goes from a negabve t a positive value; that is, breakevelt is when total revenue = total cost, ylelding a profit of zero. Vary production volume from 5,000 to 50,000 in increment or 5,000. In which interval of production volume does breakeven occur? to units (b) Use Goal Seek to find the exact breakeven point. Assign Set cellt equal to the location of profit, To valuet =0, and By changing celli equal to the Jocation of the production volume in your model

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