Martin Footwear Co. produces high-quality shoes. To prepare for next year's marketing campaign, the company's controller has prepared the following information for the current year, 2020: Variable costs (per pair of shoes) Direct materials $37.00 Direct manufacturing labour 17.00 Variable overhead (manufacturing, marketing, distribution, customer 20.00 service, and administration) Total variable costs $74.00 Fixed costs Manufacturing $2,540,000 Marketing, distribution, and customer service 550,000 Administrative 790,000 Total fixed costs $3,880,000 Selling price per pair of shoes $174 Expected revenues, 2020 (51,700 units) $8,995,800 Income tax rate 40% (a) Calculate the projected operating income before tax for 2020. Operating income before tax $(c) The company controller has set the revenue target for 2021 at $10,022,400 (or 57,600 pairs). He believes an additional marketing cost of $416,000 for advertising in 2021, with all other costs remaining constant, will be necessary to attain the revenue target. Calculate the operating income for 2021 if the additional $416,000 is spent and the revenue target is met. Operating incomeYour answer is correct. Calculate the projected operating income before tax for 2020. Operating income before tax 1290000 SHOW ANSWER LINK TO TEXT LINK TO TEXT (b) Your answer is correct. Calculate the break-even point in units for 2020. Break-even point 38800 units