Question
Cox Electric makes electronic components and has estimated the following for a new design of one of its products: Fixed Cost = $11,000 Material cost
Cox Electric makes electronic components and has estimated the following for a new design of one of its products: Fixed Cost = $11,000 Material cost per unit = $0.15 Labor 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 fixed cost and total variable cost from total revenue, and answer the following questions.
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