SOLVE USING EXCEL PLEASE There is no more information to provide. This should be all that is necessary. Suppose the College of Engineering is planning to sell merchandise this year. They don't know how many students will be interestedor how many will sell, so they've received three quotes for orders of different sizes. Assume the relationship is linear or best fit.Cost QuoteUnitsSmall OrderMedium OrderLarge OrderExtra Large Order2204459001500a) What is the fixed cost? $b) What are the Variable Costs? $$5,000$10,000$18,900$24,000c) If the merchandise is very popular among students and they need 2,000 units, what do you predict it would cost, based on theabove calculations? $d) If the College of Engineering were to receive an offer from a different producer for a flat rate of $22 per shirt, what would be thebreakeven point between the two scenarios? $

The fixed cost can be calculated by subtracting the variable cost from the total cost. The variable…

What is the fixed cost? $[ What are the Variable Costs? $[ If the merchandise is very popular among students and they need 2,000 units, what do you predict it would cost, based on the ove calculations? $ If the College of Engineering were to receive an offer from a different producer for a flat rate of $22 per shirt, what would be the eakeven point between the two scenarios? $[

What is the fixed cost? $[ What are the Variable Costs? $[ If the merchandise is very popular among students and they need 2,000 units, what do you predict it would cost, based on the ove calculations? $ If the College of Engineering were to receive an offer from a different producer for a flat rate of $22 per shirt, what would be the eakeven point between the two scenarios? $[

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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