Develop a RISK simulation model.

Determine the cost allocation rate for each activity
December 26, 2020
Discuss two of the key success factors in your favorite(s) you patronage.
December 26, 2020

Need help on how to run the simulation for this problem in excel @risk. I constructed the spreadsheet below, not sure to what to do generate the result. Please step by step, trying to learn. Madeira Manufacturing Company (MMC) is considering the introduction of a new product. Before deciding, they would like you to do a risk analysis of the situation to assess whether the introduction of the new product is a good idea for the company. The (annual) fixed cost to begin production of the new product is $30,000. The variable cost for the product is uniformly distributed between $16 and $24 per unit. The product will sell for $50 per unit. Annual demand for the product is best described by a normal distribution with a mean of 1200 units and a standard deviation of 300 units. (Assume they produce exactly enough units to meet the annual demand. a. Develop an @RISK simulation model and run it for 1,000 iterations.