The Warren Watch Company sells watches for $28, fixed costs are $115,000, and variable costs are $15 per watch.

1. What is the firm's gain or loss at sales of 5,000 watches? Enter loss (if any) as negative value. Round your answer to the nearest cent. $ What is the firm's gain or loss at sales of 15,000 watches? Enter loss (if any) as negative value. 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 $33? -Select- 1 .The result is that the break-even point is higher. 2. The result is that the break-even point remains unchanged. 3. The result is that the break-even point is lower.
7. What would happen to the break-even point if the selling price was raised to $33 but variable costs rose to $26 a unit? Round your answer to the nearest whole number. -Select- 1. The result is that the break-even point decreases. 2. The result is that the break-even point remains unchanged. 3.The result is that the break-even point increases.