Neverlate is world famous for its precision pocket watches. The company has estimated that variable manufacturing costs and variable selling costs per watch will be $72 andd $43 respectively for 2014. Also during 2014, the company is expecting fixed manufacturing costs to total $291,600 and fixed general and administrative expenses to amount to $253,175. The anticipated selling price for each watch is $500.
Compute
(a) the breakeven point in sales unit
(b) the breakeven point in sales dollars