The Purse Company manufactures purses that sell for $12.50 each. In 2014, the company made and sold 60,000 purses. The company had fixed manufacturing costs of $216,000. It also had fixed costs for administration of $79,525. The per-unit costs of each purse are as follows:

Direct Materials: $3.00

Direct Labor: $1.50

Variable Manufacturing Overhead: $0.40

Variable Selling Expenses: $1.10

Please conduct a Cost Volume Profit (CVP) analysis with the information above and determine the break-even quantity and break-even revenue.