Barnes Corporation manufactures skateboards and is in the process of preparing next year's budget. The pro forma income statement for the current year is presented below.
Sales $1,500,000
Cost of sales:
Direct materials $250,000
Direct labor 150,000
Variable overhead 75,000
Fixed overhead 100,000 575,000
Gross profit
Selling and G & A
Variable 200,000
Fixed 250,000 450,000
Operating income $ 475,000
what is the breakeven point (rounded to the nearest dollar) for Barnes Corporation for the current year ?