Question: Please answer this question with calculations and explanations. I will give thumbs up! Thank you so much! Note: Show all calculations. Work each question on

Please answer this question with calculations and explanations. I will give thumbs up! Thank you so much!

Please answer this question with calculations and

Note: Show all calculations. Work each question on a seperate worksheet. 1a. An electronic firm is currently manufacturing an item that has a variable cost of $0.50 per unit and a selling price of $1.00 per unit. Fixed costs are $14,000. Current volume is 30,000 units. The firm can substantially improve the product quality by adding a new piece of equipment at an additional fixed cost of $6,000. Variable cost would increase to $0.60 but volume would increase to 50,000 units. Should the company buy the new equipment? 1b. This company is now considering the new equipment and increasing the selling price to $1.10 per unit. The new volume is expected to be 45,000 units. Should the company buy the new equipment and increase the selling price

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