**Cox Electric's Cost and Profit Analysis for a New Product Design**Cox Electric manufactures electronic components and has made the following cost estimations for a new product design.- **Fixed Cost**: $15,000- **Material Cost per Unit**: $0.19- **Labor Cost per Unit**: $0.14- **Revenue per Unit**: $0.69**Note**: The fixed cost is constant, irrespective of the production quantity. The per-unit material and labor costs constitute the variable cost per unit. Profit is calculated by subtracting the fixed cost and total variable cost from total revenue.**Problem**: If Cox Electric produces 43,100 units of the new product, what is the resulting profit (in whole dollars)?There are no graphs or diagrams associated with this problem.

Answer:- Profit model:- A profit model will take into account all expenses and income related to a…

Cox Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed Cost $15,000 MY NOTES ASK YOUR TEACH Material Cost per Unit = $0.19 Labor Cost per Unit = $0.14 Revenue per Unit = $0.69 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 produce profit is calculated by subtracting the fixed cost and total variable cost from total revenue. If Cox Electric makes 43,100 units of the new product, what is the resulting profit (in whole dollars)? $

Cox Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed Cost $15,000 MY NOTES ASK YOUR TEACH Material Cost per Unit = $0.19 Labor Cost per Unit = $0.14 Revenue per Unit = $0.69 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 produce profit is calculated by subtracting the fixed cost and total variable cost from total revenue. If Cox Electric makes 43,100 units of the new product, what is the resulting profit (in whole dollars)? $

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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Cox Electric makes electronic components and has estimated the following for a new design of one of its products. . Fixed cost $27,000 Material cost per unit - $0.17 Labor cost per unit $0.11 Revenue per unit = $0.68 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 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 profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000. In which…
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