Only part B, Thank You!

Problem 19-01 Management believes it can sell a new product for $7.00. The fixed costs of production are estimated to be $5,000, and the variable costs are $3.00 a unit. a. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and quantity and total costs. Round your answers to the nearest dollar. Enter zero if necessary. Use a minus sign to enter losses, if any Profits (Losses) Total Revenue Quantity Variable Costs Fixed Costs Total Costs 0 $ $ $ $ $ 0 0 5000 5000 -5000 500 $ $ $ $ $ 3500 1500 5000 6500 -3000 1,000 $ 7000 $ $ $ $ -1000 3000 5000 8000 1,500 $ $ $ $ $ 10500 4500 5000 9500 1000 2,000 $ 14000 $ $ $ $ 6000 5000 11000 3000 2,500 $ 7500 $ 17500 5000 12500 5000 3,000 $ $ 9000 $ 5000 $ $ 21000 14000 7000 b. Determine the break-even level using the above table and use the Exhibit 19.5 to confirm the break-even level of output. Round your answers for the break-even level to the nearest whole number. Round your answers for the fixed costs, variable costs, total costs, and profits (losses) to the nearest dollar. Enter zero if necessary. Use a minus sign to enter losses, if any. Profits (Losses) Total Costs Total Revenue Variable Costs Fixed Costs Quantity $ $ $ $ 1250 5000 4500 5000 0 0 c. What would happen to the total revenue schedule, the total cost schedule, and the break-even level of output if management determined that fixed costs would be $8,000 instead of $5,000? Round your answer for the break-even level of output to the nearest whole number. If fixed costs were $8,000 instead of $5,000 the total revenue schedule does not change and the total cost schedule increases The new break-even level of output is 2000 units