Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help. i am lost. thank you so much Use the accompanying Profic Analysis spreadsheet model to answer the following questions Click here for the
please help. i am lost. thank you so much
Use the accompanying Profic Analysis spreadsheet model to answer the following questions Click here for the Excel Data File a. Use the data table tool to show the impact of quantity ranging frem 1.500 to 7100 with 500 unit increments on the lotal revenues, total costs, and total profits. What are the revenues, costs, and profits for 5,600 units? b. Use the data table tool to show the impact of laboe costs ranging from $5.9 to $800 w th $0.50 increments and price per item ranging from $10.09 to $15.90 with $1.00 increirents on the tocal profits. What is the total profit if the labor costs are 50.50 , and the price is 514.99 ? Note: Round your answers to 2 decimal places. c. What is the breakeven quantity using the assumptions in the spreadsheet model? Note: Round your answer to 2 decimal places. d. What is the quantity needed if the company wants to achieve a profit of $54,93H, using the assumptions in the spreadsheet model? Note: Round your answer to 2 decimal places Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started