Questions 16and 17on page 18.Submit one Excel workbook with two worksheets

rents the equip necessary. The cost of using The materials used in one shirt cost $8, and City sell these for $15 each. (a) If Gina sells 20 shirts, what will her total rev- enue be? What will her total variable cost be? (b) How many shirts must Gina sell to break even? calcul What is the total revenue for this? 2. 16 Ray Bond sells handcrafted yard decorations at county fairs. The variable cost to make these is $20 each, and he sells them for $50. The cost to rent a booth at the fair is $150. How many of these must Ray sell to break even? 17 Ray Bond, from Problem 16, is trying to find a new supplier that will reduce his variable cost of production to $15 per unit. If he was able to succeed in reducing this cost, what would the break-even point be? 18 Katherine D' Ann is planning to finance her college