For FY 2016 Bravo Company's CVP format Income Statement is as follows: Bravo Company Income Statement (CVP format) For the Year Ended 12/31/16 Sales (100 units) $10,000 Variable Costs: Direct Labor $1,500 Direct Materials 1,400 Factory Overhead (variable) Selling Expenses (variable) Administrative Expenses (variable) 1,000 600 500 Total Variable Expenses 5000 Contribution Margin $5,000 Fixed Costs: $500 Factory Overhead (fixed) Selling Expenses (fixed) Administrative Expenses (fixed) 1,000 1000 Total Fixed Expenses 2500 Net Income (aka Operating Income) $2,500 Bravo utilizes a JIT production system and there are no Raw Materials, Work-in Process of Finished Goods inventories. Bravo Company expects that all costs will remain the same for FY 2017 with the exception of fixed factory overhead which is budgeted to increase by $1,700. Use this information to determine: 1. FY 2016 Cost of Goods Sold 2. FY 2016 breakeven point in units 3. FY 2016 breakeven point in dollar of sales 4. FY 2017 breakeven point in units 5. FY 2017 dollar Sales at breakeven point