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Question 4 Study the scenario and complete the question(s) that follow(s): A Home-based Business Ellen recently started her own business. She supplies homemade honey crunch biscuits to the local community. She needs to calculate the profitability of her new business venture. Her monthly fixed cost is estimated at R200 and she sells her biscuits for R30 per bag. Source: Bester, N. 2015 4.1 Complete the table below in order to help Ellen with her cost and profit estimation. (11 Marks) Fixed Variable Total Average Average QTY Marginal Total Cost Total cost cost Variable Revenue Profit/Loss Cost Cost Cost 0 200 50 200 100 200 150 200 200 200 250 200 300 200 COEC111-$2 - Take-home Test Paper S2 2020 | V1.0 Page 6 of 7 350 200 400 200 450 200 500 200