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Cox Hiectric makes electronic compenents and has estimated the folloming fer a new design of one of its products. - Fixed cost = \$21,000 - Material cost per unit =$0.17 - Labor cost per unit =$0.11 - Revenve per unit = $0,68. Note that fixed cost is incurred regardiess of the amount produced. Per-unit moterial and labor cost together muke up the variable cost per unit. Assuming that Cox Electric sels all that it produces, profit is calculated by subtracting the foxed 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 volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue - the total cost, yielding a protic of zero. Vary production volume from 0 to 100 , 000 in increments of 10,000 . In which interval of production volume does breakeven occur? (b) Use Goal Seck to find the exact breakeven point: Assign Set cell: cqual to the location of profic, To value; 0 , and by changing cell: eqaal to the iocotion of the production volume in your model. units

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