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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

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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. Total Variable Fixed Cost of goods sold $2,155,090 $1,491,490 $663,600 Selling expenses 250,250 92,092 158,158 Administrative expenses 210,210 68,068 142,142 $2,615,550 $1,651,650 $963,900 Management is considering the following independent alternatives for 2021. 1. 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. Compute the break-even point in dollars for 2020. Break-even point Click if you would like to show Work for this question: Modify Show Work

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