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Question 1 17 points Save Answer The product development department of a technology company estimates that the variable cost of manufacturing a new electronic tablet will be $75 per unit. Based on market research, the selling price of this product will be $150. The fixed costs applicable to the new tablet are $1,500,000 per month and the maximum production capacity per month is 50,000 units. Given this information, answer the following questions. a) Compute the break-even volume and show your calculator entries below. FC = 1,500,000 VC = 75 P = 150 PFT = Q = 50,000 b) If sales were at 10% of capacity, would there be a profit or loss, and of what amount? Profit or loss? Amount = c) If they reduced the price to $120 because the variable costs were reduced by 20% per unit, calculate the new break-even volume. Show your calculator entries below. FC = VC= P= PFT = Q =