A factory engaged in the fabrication of an automobile part with a production capacity of 700,000 units per year is only operating at 62% capacity due to unavailability of the necessary foreign currency to finance the importation of their raw materials. The annual income is Php 430,000. Annual fixed cost is Php 190,000 and variable costs are Php 0.348 per unit.

a. What is the current profit or loss?

b. What is the breakeven point?