Cox Electric makes electronic components and has estimated the following for a new design of one of its products:Fixed Cost$10,000Material cost per unit = $0.15Labor cost per unit = $0.10Revenue per unit = $0.65Show Transcribed TextImplement your model from part (b) in Excel using the principles of good spreadsheet design and find the profit if Cox Electric makes 18,000new product.If required, round your answer to nearest whole number. For subtractive or negative numbers use a minus sign. (Example: -300)

Contribution margin is defined as what revenue is left with the firm after deduction of its Variable…

Answered: Cox Electric makes electronic…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Show the solution in excel form and on how you got it.
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