Problem 5-4A (Video) (Part Level Submission) Oriole Corp.'s sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 555,500 units of product sales $2,777,500, total costs and expenses $2,869,875, and net loss $92,375. Costs and expenses consisted of the amounts shown below. Total Variable Fixed Cost of goods sold $2,358,815 $1,905,365 $453,450 Selling expenses 277,750 107,212 175,538 Administrative expenses 233,310 75,548 157,762 $2,869,875 $2,083,125 $786,750 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 $166,650 to total stories of $66,660 plus a 5% commission on sales (a) Your answer is correct. Compute the break-even point in dollars for 2020 Break even point 3147000 Click if you would like to show Work for this question Open Show Work (b) Compute the contribution margin under each of the alternative courses of action. (Round contribution margin ratio to o decimal places, 0.g. 50%.) 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 Break even point for alternative 2 Which course of action do you recommend? Click if you would like to show Work for this question: Con Show Work