MESSAGE MY INSTRUCTOR RESOURCES mework sn 6-1 2 (Part ission) FULL SCRIEN 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 at a loss. The company's income statement showed the foll total costs and expenses $1,780,000; and net loss $260,000. Costs and expenses co selling 76,000 units of product: net sales $1,520,000; total costs and expenses $1.780,000; and net loss $ Cost of goods sold Selling expenses Administrative expenses 514,000 149,000 $1,780,000 $1,117,000$611,000 93,000 56,000 $506,000 421,000 93,000 $760,000$1,020,000 2A (Part mission) Management is considering the following independent alternatives for 2017 re ults by ctive 1. Increase unit selling price 30% with no change in costs and expenses. 2. Change the compensation of salespersons from fixed annual salar es totaling $199,000 to total salaries of $36,000 plus a S% commission 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.o. 0.25 and final answer toi 2,510.) Break-even point 2,040,000 (b) Compute the break-even point in dollars under each of the aternative courses of action for 2017. (Round contribution margin ratio to 4 de and final answers to 0 decimal places, e.g. 2,510.) Ask me anything