A machine manufacturer sells each machine for $7,000. The fixed costs are $251,500 per annum, variable costs are $1,500 per machine, and the production capacity is 61 machines in a year.

a.What is the break-even volume?

Round up to the next whole number

b.What is the break-even revenue?

Round to the nearest cent

c.What is break-even as a percent of capacity per annum?

%Round to two decimal places

d.What is the profit or loss made if 65 machines are sold in a year?

Round to the nearest cent