You manufacture widgets. Calculate the annual breakeven point for your company under the following conditions; also calculate your annual profit. You sell 5,000 widgets per year.

Your mortgage and utilities are $200 per month.

Your taxes run about $50 per month.

Your maintenance and repair costs are $100 per month.

Your raw materials costs are $2.00 per widget.

Your shipping costs are $0.10 per widget.

Your component costs are $0.40 per widget.

Labor is $5.00 per widget.

You sell your widgets for $15.00 each.