The Warren Watch Company sells watches for $24, fixed costs are $140,000, and variable costs are $13 per watch.

1. What is the firm's gain or loss at sales of 8,000 watches? Loss, if any, should be indicated by a minus sign. Round your answer to the nearest cent. ______$ What is the firm's gain or loss at sales of 18,000 watches? Loss, if any, should be indicated by a minus sign. Round your answer to the nearest cent. _______$
3. What is the break-even point (unit sales)? Round your answer to the nearest whole number. _______ units
5. What would happen to the break-even point if the selling price was raised to $32? a)The result is that the break-even point is lower. b)The result is that the break-even point is higher. c)The result is that the break-even point remains unchanged.
7. What would happen to the break-even point if the selling price was raised to $32 but variable costs rose to $20 a unit? Round your answer to the nearest whole number. a) The result is that the break-even point increases. b) The result is that the break-even point decreases. c)The result is that the break-even point remains unchanged.