Below is the profit model spreadsheet for a shoe manufacturer in the month of January. 1) Calculate the revenue for units sold. 2) Calculate the variable cost of production. 3) Calculate the total profit
Profit Model for January
Cost in Dollars
Unit Price
49
Unit Cost
23
Fixed Cost for Production
350,000
Demand
40,000
Model
Quantity Sold
38,000
Revenue
Quantity Produced
Variable Cost
Fixed Cost
300,000
Profit