Blossom Corp.'s sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 500,500 units of product: sales $2,502,500, total costs and expenses $2,615,550, and net loss $113,050. Costs and expenses consisted of the amounts shown below. Cost of goods sold Total Variable $2,158,00 51,491,490 66,00 250,250 210.210 52,615,550 $2,651.650 963.000 Administrative expenses Management is considering the following independent alternatives for 2021. Increase unit selling price 20% with no change in costs, expenses, and sales volume. 2. Change the compensation of salespersons from fixed annual salaries totaling $150,150 to total salaries of $60,060 plus a 6% commission on sales. Your answer is correct. Compute the break-even point in dollars for 2020. Break-even point Click if you would like to show Work for this question: By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts 1 of 15 used (b) Compute the contribution margin under each of the alternative courses of action. Contribution margin for alternative 1 Contribution margin for alternative 2 Compute the break-even point in dollars using the contribution margin ratio under each of the alternative courses of action. Break even point for steative Break-even point for alternative 2 Which course of action do you recommend? Click if you would like to show Work for this question on By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor