Part $1$

Included below is Python code required to compute total cost. This part of the assignment needs to be completed before completing Part $2$ of the assignment. Assume the following variables:

$uc=$ Unit Cost

$f=$ Fixed Cost

$q=$ Quantity

$p=$ Price

$t=\%$taxes

Next, type the following values in the "Online Python Compiler" code area:

$uc=1\mathrm{.}25$

$fc=10000$

$q=245$

$p=2\mathrm{.}75$

$t=0\mathrm{.}35$

Finally, apply the following information to compute total variable cost and store in tve:

$tvc=u{c}^{***}q$

print$(\text{'}$Total variable cost equals $\text{'}+$ str$($tvc$))$

After entering the above code, click on the green "Run" button at the top of the page above your work area. At the bottom of the screen, you should see the following output result.

"Total variable cost equals $306\mathrm{.}25"$

Part $2$

After completing the Part $1$ example, note the following items for this assignment:

Assume the same values for each variable as used in "Part $1."$

Store each result in a variable name of your choice.

Ensure that each answer is provided in the form of a statement, as shown in the "Part $1"$ example. For example, for item $1$ below, the output should be: Total cost equals $={?}^{***}(1-t)$