Benny and Frieda are art students who often received compliments on the t-shirts they designed and made themselves.In need of funds for fall semester,they decide to sell these t-shirts at a small stand at the South Haven Beach during the summer.Rent on the beach stand is $1,600 per month.Variable costs per t-shirt are $4.75.
a.Complete the following table which estimates total costs and cost per t-shirt at the indicated levels of activity for this t-shirt stand.Round the costs per t-shirt to two decimal places.

\begin{array} {r}{ \text { Number of t-shirts sold in one month } } \\\begin{array} { | l | c | c | c | } \hline & 1,000 & 1,500 & 2,000 \\\hline \text { Total fixed cost } & & & \\\hline \text { Total variable cost } & & & \\\hline \text { Total cost } & & & \\\hline \text { Cost per t-shitt sold } & & & \\\hline\end{array}\end{array}

b.Benny and Frieda need to each earn $5,000 before the fall term starts.They plan to sell the t-shirts for $15.
1.Will they be able to meet their goal? Support your comments with computations.
2.What other factors might affect this business venture?

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