Problem 5-4A (Video) Ivanhoe Corp.'s sales slumped badly in 2020. For the first time in history, it operated at a loss. The company's income statement showed the following results from selling 515,500 units of product: sales $2.577.500, total costs and expenses $2,673,960, and net loss 596,460. Costs and expenses consisted of the amounts shown below. Cost of goods sold Selling expenses Administrative expenses Total $2,199,700 257,750 216,510 52,673,960 Variable $1,690,840 94,852 70,108 $1,855,800 Fixed $508,860 152,898 146,402 $818,160 Management is considering the following independent alternatives for 2021 1. Increase seling price 20% with no change in costs, expenses, and sales volume 2. Change the compensation of salespersons from fived annual salaries totaling $154,650 to total salaries of $61,360 plus a commission on sales. Compute the break-even point in dollars for 2020 Break-even point Compute the contribution margin under each of the alterative course of action Contribution margin form at Contribution margin for alternative 2 Compute the break even point in dollars using the contribution margin ratio under Break-even point for alternative Break-even point for alternative