Data table Requirements 1. If monthly sales are 1,200 tech shirts, what is the full cost per tech shirt? 2. Why has RipRun been experiencing lower-than-normal profits? 3. What price must RipRun charge to recover all costs and earn a 20% margin on all sales? 4. What implications will a potential price increase have on RipRun and/or its customers? How might the owners address any negative reactions from customers? Data table (Click the icon to view the direct costs per shirt.) (Click the icon to view the indirect costs.) The management accountant estimates the following regression equation with utilities as the dependent variable and the number of tech shirts as the independent variable: y=$689+$1.65X Read the Requirement 1. If monthly sales are 1,200 tech shirts, what is the full cost per tech shirt? (Round all currency amounts to the nearest cent.) RipRun has only been earning a(n) 40% profit margin on each tech shirt sold. Profits are lower than normal because RipRun has not been aware of how the costs have been affecting overall profits. The decision to base prices on 40% markup of direct costs has been in recovering all costs plus desired profits related to providing the tech shirts. Requirement 3. What price must RipRun charge to recover all costs and earn a 20% margin on all sales? (Round to the nearest cent.) RipRun must charge $_to earn a 20% margin on all sales. If RipRun increases its price, they customers. The owners of RipRun Data table Requirements 1. If monthly sales are 1,200 tech shirts, what is the full cost per tech shirt? 2. Why has RipRun been experiencing lower-than-normal profits? 3. What price must RipRun charge to recover all costs and earn a 20% margin on all sales? 4. What implications will a potential price increase have on RipRun and/or its customers? How might the owners address any negative reactions from customers? Data table (Click the icon to view the direct costs per shirt.) (Click the icon to view the indirect costs.) The management accountant estimates the following regression equation with utilities as the dependent variable and the number of tech shirts as the independent variable: y=$689+$1.65X Read the Requirement 1. If monthly sales are 1,200 tech shirts, what is the full cost per tech shirt? (Round all currency amounts to the nearest cent.) RipRun has only been earning a(n) 40% profit margin on each tech shirt sold. Profits are lower than normal because RipRun has not been aware of how the costs have been affecting overall profits. The decision to base prices on 40% markup of direct costs has been in recovering all costs plus desired profits related to providing the tech shirts. Requirement 3. What price must RipRun charge to recover all costs and earn a 20% margin on all sales? (Round to the nearest cent.) RipRun must charge $_to earn a 20% margin on all sales. If RipRun increases its price, they customers. The owners of RipRun