Jack makes electric golf carts, sold for $4,000 each. Relevant cost data are as follows:

Direct materials (per unit)$1,600

Fixedmanufacturingoverhead(total)$200,000

Direct labor (per unit)500

Fixed selling expenses (total)80,420

Variable manufacturing overhead250

Variable selling costs (per unit)25

Jack pays income taxes at the rate of 35 percent.

1.(3 points) Compute the number of carts that need to be sold to earn $500,000 after tax.

2.(3 points) Determine the revenue at which after tax profit equals 20% of sales.