FloJo is interested in starting a business to sell covers for ipads. The following table summarizes the data that FloJo discovered. Sales (Units) Selling Price 1,200 $20 1,100 $25 950 S30 800 |$40 500 $45 Additional Information: Each cover requires $5 in direct materials, $8 in direct labor, variable manufacturing overhead of $1, and variable selling costs of $1.50. Fixed Costs are $5,000. Create a computer spreadsheet to determine the price level that results in the highest operating profit. The first row has been completed for you. Selling Sales Sales Variable Contribution Fixed Operating Price (Units) Revenue Costs Margin Costs Income $20 1200 24000 18600 5400 5000 400 $25 $30 $40 $45 Bonus: Prepare a scattergraph that shows the relationship between Selling Price and Sales Revenue