Aqua Gear, in business since 2013, makes swimwear for professional athletes.

Aqua Gear, in business since 2013, makes swimwear for professional athletes. Analysis of the firm's financial records for the current year reveals the following

               Average swimsuit selling price                  P70

               Variable swimsuit expenses:     

                               Direct material                                 P28

                               Direct labor                                         12

                               Variable overhead                             8

Annual fixed cost:

                               Selling                                                  P10,000

                               Administrative                                  24,000

The company's tax rate is 40 percent. Samantha Waters, company president, has asked you to help her answer the following questions.

a.      What is the break-even point in number of swimsuits and in Peso?