on February 6 markowitz company sold 10500 of merchandise to the lyman

Problem 19-1A Midlands Inc. had a bad year in 2016. For the first time in its history, it operated at a loss. The company's income selling 76,000 units of product: net sales $1,520,000; total costs and expenses $1,780,000; and net loss $260,000. Costs and expenses consisted of the following. statement showed the following results from Total Variable Fixed $1,117,000 $61,000 93,000 $506,000 421,000 Selling expenses Administrative expenses 514,000 149,000 $1,780,000 56,000 $760,000$%1,020,000 Management is considering the following independent alternatives for 2017 1. Increase unit selling price 30% with no change in costs and expenses. 2. Change the compensation of salespersons from fixed annual salaries totaling $199,000 to total salaries of $36,000 plus a 5% co 3. Purchase new highstech factory machinery that will change the proportion between variable and flxed cost of (a) Compute the break-even point in dollars for contribution sson on net sales. or 2017. (Round contribution margin ratio to 2 decimal places e.g. o.25 and final answer to O decimal places, e.g 2,510.) Break-even point (b) Compute the break-even point in dolars under each of the alternative courses of action. Round contribution margin ratio to 4 decimal final answers to 0 decimal places, e.g.2,510.) point 1457142 1. Increase selling price 20 $760,000 $1,020,000 ENT Increase unit selling price 30% with no change in costs and expenses. . 3. Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to 50:50. 2,510.) final answers to o decimal places, e.g. 2,510.) 2 Change compensation