Cox Electric makes electronic components and has estimated the following for a new design of...
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Accounting
Cox Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed cost = $24,300 Material cost per unit = $0.17 Labor cost per unit = $0.11 Revenue per unit = $0.64 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production
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