Remaining Time: DO.35:45 Terry is thinking of opening a popcom stand that sells popcom bag(s.) Terry can purchase a popcorn stand for $500,000 and can sell each popcorn bag for $2. Terry has calculated the average variable cost of providing 12 popcorn bag(s) to be $6 (5 marks total) 1. Using the information above, what is the average variable cost (AVC) per popcorn bag? 12 05 2. Using the information above, what are the total fixed costs (TFC)? 499.988 500,000 541.472 184 3. Using the information above, what is the breakeven quantity? 250,000 357,143 Unattainable 333,333 4. Using the information above, what if Terry want to make a $40,000 profit? 270,000 Unattainable 385,714 360,000 5. Using the information above, what is the total revenue at quantity 20,000?(To Nearest Hundred)