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Evergreen Corporation manufactures circuit boards and is in the process of preparing next year's budget. The pro forma income statement for the current year is presented below.
Sales $3,800,000
Cost of sales:
Direct material $530,000
Direct labor 400,000
Variable overhead 290,000
Fixed overhead 750,000 1,970,000
Gross profit $1,830,000
Selling and General & Admin. Exp.
Variable 780,000
Fixed 280,000 1,060,000
Operating income $770,000
For the coming year, the management of Evergreen Corporation anticipates a 5 percent decrease in sales, a 10 percent increase in variable costs, and a $60,000 increase in fixed costs.
Question 1: The break-even point for next year would be
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