CALCULATOR MESSAGE MY INSTRUCTOR FULL scREEN pRINTER VERSION BACK NEXT RESOURCES Problem 6-1A Your answer is partially correct. Try again. Midlands Inc. had a bad year in 2016. For the first time in its history, it operated The company's income statement showed the following results from selling 80,000 units of product: net at a loss. and net loss $235,000. Costs and expenses consisted of the following. sales $2,000,000; total costs and expenses Continuing Cost of goods sold $1,568,000 $1,050,000 518,000 06 (Part 3) Selling expenses 517,000 92,000 425,000 Administrative expenses 150,000 58,00 92,000 $2,235,000 $1,200,000 $1,035,000 Management is considering the following independent alternatives for 2017 1. Increase unit selling price 25% with no change in costs and expenses 2. Change the compensation of salespersons from fixed annual salaries totaling $200,000 to total salaries of $40,000 plus a 5% commission on net sales 3. Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to 50:50. (a) Compute the break-even point in dollars for 2016. (Round contribution margin ratio to 2 decimal places e.g. 0.25 and final answer to a decimal places, e. 2,510.) Break-even point 25,875 (b) Compute the break-even point in dollars under each of the alternative courses of action for 2017. (Round contribution margin ratio to 4 decimal places e g 0.2512 and final answers to decimal places, e, g. 2,510.) image JPG lmag01 (5) JPG