List of formulas: Profit - Revenue - Total cost Revenue = Selling price volume 1) A manufacturer is considering a new production. The fixed cost is estimated to be $110,000. Variable production and material costs are estimated to be $14 per unit. Demand over this product is estimated to be 7500 units. The company plans to sell to the local shops for $35 each. (16 marks) (15 rin) Total cost = Fixed cost cost per itemvolume Break even volume = (Fixed cost)/(Unit contribution margin) a) What is the breakeven point? b) What profit or loss can be anticipated with a demand of 7500 units? c) With a demand of 7500 units, what is the minimum price per product that the company must charge to break even? d) If the marketing department manager believes that the price per product could be increased to $45 with losing 15% of customers (15% of 7500 units), what action would you recommend? What profit or loss can be anticipated