A firm has the capacity to produce 1,057,330 units

A firm has the capacity to produce 1,057,330 units of a product
each year. At present, it is operating at 38 percent of capacity. The firm’s annual revenue is $1,165,960. Annual fixed costs are $479,641 and the variable costs are $.73 cents per unit. The following equations will be useful. Profit = Revenue – Costs Revenue = Price each * quantity Costs = Fixed Cost + Variable Costs Variable Cost = Variable Cost per unit * number of units At the break even point, Profit = 0 What is the firm’s annual profit or loss?

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