1. 10) Benny's Custom Chairs produces inexpensive leather chairs. The average selling price for one of the chairs is $500. The variable cost per chair is $250. Benny's has average fixed costs per year of $500,000.
   1. What is the break-even point in units?
   2. What is the break-even point in dollar sales?
   3. What would be the operating profit or loss associated with the production and sale of (1) 2,000 chairs, (2) 4,000 chairs?