Sales $1,800,000 Cost of sales: Direct materials $250,000 180,000 106,000 Direct labor Variable overhead Fixed overhead Gross profit Selling and administrative expenses 100,000 636,000 $1,164,000 K Variable $400,000 Fxed 350,000 750,000 Operating income $414,000 Required: 1. What is the break-even sales revenue for Carmichael Corporation for the current year? in your calculations, carry the contribution margin ratio to two decimal places For the coming year the management of Carmichael Comoratio anticinates an rent increase in variable costs and a $60.00 Increase in fivad Previous CUSCISSIS $250,000 180,000 106,000 Direct materials Direct labor Variable overhead Fixed overhead Gross profit Selling and administrative expenses: Variable 100,000 636,000 $1,164,000 $400,000 Fixed 350,000 750,000 Operating income $414,000 Required: 1. What is the break-even sales revenue for Carmichael Corporation for the current year in your calculations, carry the contribution margin ratio to two decimal places 2. For the coming year, the management of Carmichael Corporation anticipates an 8 percent increase in variable costs and a $60,000 Increase in fixed expenses. What is the break-even point in dollars for next year? in your computation, round the contribution margin ratio to four decimal places. Round your final answer to the nearest dollar. (CMA adapted)