Problem 5-4A (Video) Crane Corp.'s sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statement s selling 590,500 units of product: sales $2,952,500, total costs and expenses $3.050.875n's income statement showed the following results from and net loss $98,375. Costs and expenses consisted of the amounts shown below. Tota Variable Cost of goods sold Selling expenses Administrative expenses 2,507,615 $2,025,415 $482,200 295,250 108,652 186,598 80,308 167,702 $3,050,875 $2,214,375 $836,500 248,010 Management is considering the following independent alternatives for 2021. 1. Increase unit selling price 25% with no change in costs, expenses, and sales volume. 2. Change the compensation of salespersons from fixed annual salaries totaling $177,150 to total salaries of $70,860 plus a 5% commission on sales. Compute the break-even point in dollars for 2020. Break-even point LINK TO TEX LAR PROLE Compute the contribution margin under each of the alternative courses of action Contribution margin for alternative 1 Contribution margin for alternative 2 Compute the break-even point in dollars using the contribution margin ratio under each of the alternative courses of action Break-even point for altermative 1 S Help I System Announcements Grace Perio CALC"ArOR PRINTER Compute the break-even point in dollars for 2020. Break-even point LINK TO TEXI VIDEO: SIMILAR PRON IN Compute the contribution margin under each of the alternative courses of action. Contribution margin for alternative 1 Contribution margin for alternative 2 Compute the break-even point in dollars using the contribution margin ratio under each of the alternative courses of action. Break-even point for alternative 1 Break-even point for alternative 2 Which course of action do you recommend? Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR PROBLEM Question Attempts: 1 of 3 used SAVE FOR LATER