Requirements 1. The product manager estimates that she can sell 900,000 cartons at the $47 price. What is the largest variable cost per carton that Tower Mills can pay and still achieve a profit of $1.2 million? 2. Suppose the variable cost is $26 per carton. What profit (or loss) would Tower Mills expect? Requirement 1. The product manager estimates that she can sell 900,000 cartons at the $47 price. What is the largest variable cost per carton that Tower Mills can pay and still achieve a profit of $1.2 million? Determine the basic formula to compute target income that you will then rearrange to calculate the largest variable cost per carton. Target sales - Variable expenses - Fixed expenses = Target income The largest variable cost per carton that Tower Mills can pay and still achieve a profit of $1.2 million is \& per carton