5. QuikTime sells a WATCH computer watchband that can be used as a timer when cooking. The selling price is $11.50 and it has the following related expenses per WATCH: direct materials $3.25, labor $0.25, sales commissions $0.10. The company has monthly rent of $12,000 and depreciation on equipment of $1,000 per month. What annual sales (dollars and units) must the company achieve to break-even? How many units must they sell to achieve a net operating income of $150,000?

QuikTime sells a WATCH computer watchband that can be used as a timer when cooking. The selling price is $11.50 and it has the following related expenses per WATCH: direct materials $3.25, labor $0.25, sales commissions $0.10. The company has monthly rent of $12,000 and depreciation on equipment of $1,000 per month. What annual sales (dollars and units) must the company achieve to break-even? How many units must they sell to achieve a net operating income of $150,000