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please answer (a) and (b) Current Attempt in Progress Midlands Inc. had a bad year in 2019. For the first time in its history, it

please answer (a) and (b)
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Current Attempt in Progress 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 77,000 units of product: net sales $1,540,000; total costs and expenses $1,964,000; and net loss $424,000. Costs and expenses consisted of the following. Cost of goods sold Selling expenses Administrative expenses Total $1,299,600 513,400 151,000 $1,964,000 Variable $773,000 93,000 58,000 $924,000 Fixed $526,600 420,400 93,000 $1,040,000 Management is considering the following independent alternatives for 2020. Increase unit selling price 25% with no change in costs and expenses. Change the compensation of salespersons from fixed annual salaries totaling $198,000 Purchase new high-tech factory machinery that will change the proportion between var 1. 2. 3. (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 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 eg. 0.251 and final answers to decimal places, eg. 2,510.) Break-even point 1. Increase selling price 2. Change compensation $ 3. Purchase machinery $ Which course of action do you recommend

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