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Use the accompanying Profit Analysis spreadsheet model to answer the following questions. Click here for the Excel Data File a. Use the data table
Use the accompanying Profit 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 from 1,500 to 7,100 with 500 unit increments on the total revenues, total costs, and total profits. What are the revenues, costs, and profits for 5,600 units? Total revenues Total costs Total profits b. Use the data table tool to show the impact of labor costs ranging from $5.00 to $8.00 with $0.50 increments and price per item ranging from $10.99 to $15.99 with $1.00 increments on the total profits. What is the total profit if the labor costs are $6.50, and the price is $14.99? Note: Round your answers to 2 decimal places. Total profit
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