Use the accompanying Profit_Analysis spreadsheet model to answer the following questions. Assumptions: Fixed cost: $ 5,000.00 Material costs per item: $ 2.25 Labor costs per item: $ 6.50 Shipping costs per 100 items: $ 200.00 Price per item: $ 12.99 Quantity: 2000 Outputs: Total revenues: $ 25,980.00 Total costs: $ 26,500.00 Total profits: $ -520.00 1. Use the data table tool to show the impact of quantity ranging from 1,500 to 5,000 with 500 unit increments on the total revenues, total costs, and total profits. What are the revenues, costs, and profits for 3,500 units? 2. 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. 3. What is the breakeven quantity using the assumptions in the spreadsheet model? Note: Round your answer to 2 decimal places. 4. What is the quantity needed if the company wants to achieve a profit of $10,000, using the assumptions in the spreadsheet model? Note: Round your answer to 2 decimal places.
Use the accompanying Profit_Analysis spreadsheet model to answer the following questions.
| Assumptions: | |
| Fixed cost: | $ 5,000.00 |
| Material costs per item: | $ 2.25 |
| Labor costs per item: | $ 6.50 |
| Shipping costs per 100 items: | $ 200.00 |
| Price per item: | $ 12.99 |
| Quantity: | 2000 |
| Outputs: | |
| Total revenues: | $ 25,980.00 |
| Total costs: | $ 26,500.00 |
| Total profits: | $ -520.00 |
1. Use the data table tool to show the impact of quantity ranging from 1,500 to 5,000 with 500 unit increments on the total revenues, total costs, and total profits. What are the revenues, costs, and profits for 3,500 units?
2. 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.
3. What is the breakeven quantity using the assumptions in the spreadsheet model?
Note: Round your answer to 2 decimal places.
4. What is the quantity needed if the company wants to achieve a profit of $10,000, using the assumptions in the spreadsheet model?
Note: Round your answer to 2 decimal places.
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