how do you solve these questions?

QUESTION 35 3 points Save Answer Use the following information to answer questions 35-37 A newly formed BC company produces wooden salad bowl sets made from locally sourced wood. There are two alternatives under consideration: locate near the major raw materials or locate near their major customers. Locating near the raw materials will result in lower fixed and variable costs than locating near the customer market. However, because the local market tends to favour local suppliers, the owners believe there would be a loss in sales volume. The salad bowl sets sell for $185 each. Near raw materials Annual fixed costs ($ millions) = $1.20 unit Variable cost per unit = $35 Expected annual demand (units) = 6700 Near customers Annual fixed costs ($ millions) = $1.35 unit Variable cost per unit = $43 Expected annual demand (units) - 10,700 Determine the profit for the Near Raw Materials option. (3 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U f Paragraph Arial 14px > III IN > P O WORDS POWERED BY TINY QUESTION 37 2 points Save Answer Consider the results of your answers for both scenarios, what general advice would you give to the owners? (2 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I g Paragraph 14px Arial