The following costs relate to Jumbo Beef Noodle Co. in Chamblee, GA for a relevant range of up to 10,000 bowls annually: Variable Costs per bowl: Direct materials $2.50 Direct labor 0.75 Manufacturing Overhead 1.25 Selling and administrative 1.00 Fixed Costs: Manufacturing overhead $20,000 Selling and Administrative 10,000 Jumbo Beef Noodle Co. sells each bowl for $10. Which of the following equations best describes the equation to determine total profit for a sales volume of 8,000 units, where X = number of units of bowls sold? O Profit - $10X Profit - $30,000+ $5.50X Profit - $10.00X -($10,000 - $4.50X) Profit = $10.00X - ($30,000+ $5.50X) None of these equations is correct