Gibersons Glass Studio 1. How well is Mr. Giberson doing? A. How many pieces can he make in a year? B. Determine the expected annual revenue. C. Determine the operating costs. o Which of Mr. Gibersons operating costs are variable in nature and what activity they vary with? o Which of Mr. Gibersons operating costs are fixed in nature and why so? D. Determine the annual income or loss. 2. How efficient was Mr. Giberson in using his time? How efficient was glass utilization? 3. What was the variable cost per unit and contribution margin of vases? 4. What is the total cost per unit of vases? 5. Can Mr. Giberson change any aspect of the business in order to lower costs? What recommendations would you have for Mr. Giberson to price his products