Final answer:
To calculate a firm's break-even point in dollars, we need the selling price per unit, which is missing in the provided information. Without it, we cannot compute the exact break-even point.
Step-by-step explanation:
To calculate the firm's break-even point in dollars, we first need to understand the break-even point is the level of sales at which profit is zero. In other words, it's where total revenue equals total costs (fixed costs plus variable costs).
In this scenario, fixed costs are given as $1,000,000, and the variable cost per unit is $50. If we assume that the selling price per unit is not provided, we cannot calculate the exact break-even point in terms of sales dollars without this critical piece of information. To find the break-even point, one would use the formula:
Break-Even Point (units) = Fixed Costs / (Selling Price per Unit - Variable Cost per Unit)
Break-Even Point (dollars) = Break-Even Point (units) * Selling Price per Unit
Considering we do not have the selling price per unit, I suggest reviewing the question to ensure the selling price per unit has been included or seeking this detail to proceed with the calculation.