Elliott Stabler Company has developed a new product that will be marketed for the first time during the next fiscal year. The marketing department estimates that 37,000 units will be sold at $39 per unit. The fixed expenses associated with this new product are budgeted at 490,000 for the year. The variable expenses of the new product are $23 per unit.

part b) What is the profit Elliott would earn on the new product if 30,000 units are sold ( 6 pts)? ( part c) Refer back to the original data. The marketing department would like more manufacturing capacity to be devoted to the new product. What would be the net income for the new product if its unit sales could be expanded by 10% without any increase in fixed expenses and without any changes in the unit selling price and unit variable expense (10 points)? (Hint: make another contrihutinn marain income ctatement herel