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Problem 19-01A Midlands Inc. had a bad year in 2019. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 79,000 units of product: net sales $1,580,000; total costs and expenses $1,829,800; and net loss $249,800. Costs and expenses consisted of the following Cost of goods sold Selling expenses Administrative expenses Total $1,163,400 516,400 150,000 $1,829,800 Variable $637,000 93,000 60,000 $790,000 Fixed $526,400 423,400 90,000 $1,039,800 Management is considering the following independent alternatives for 2020. sales 1. Increase unit selling price 25% with no change in costs and expenses. 2. Change the compensation of salespersons from fixed annual salaries totaling $195,000 to total salaries of $39,000 plus a 5% commission on net 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 2019. (Round contribution margin ratio to 4 decimal places e.g. 0.2512 and final answer to o decimal places, eg. 2.510.) Break-even point (b) Compute the break even point in dollars under each of the alternative courses of action for 2020. (Round contribution margin ratio to 3 decimal places e.g. 0.251 and final answers to o decimal places, 9. 2,510.) Break-even point 1. Increase selling price Policx 2000-2020 John Wils ons, Inc. All Rights Reserved. A Division of John Wil s on Inc. Version 4.24.18.3 BACK NEXT CALCULATOR FULL SCREEN PRINTER VERSION 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 2019. (Round contribution margin ratio to 4 decimal places eg. 0.2512 and final answer to o decimal places, e.g. 2,510.) Break-even point (b) Compute the break-even point in dollars under each of the alternative courses of action for 2020. (Round contribution margin ratio to 3 decimal places e.g. 0.251 and final answers to decimal places, e.g. 2,510.) Break-even point 1. Increase selling price 2. Change compensation 3. Purchase machinery Which course of action do you recommend? LINK TO TEXT LINK TO VIDEO By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 6 of 5 used SAVE FOR LATER MILAN 2000-2020 John Wilson Inc. All Rights Reserved. A Division of an Wer n e Version 4.24.18.3