Your answer is partially correct. 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 $1.794.800; and net loss $254.800. Costs and expenses consisted of the following Total Variable Fixed Cost of goods sold $1,112.800 $618.000 $494,800 Selling expenses 529.000 92.000 437.000 Administrative expenses 153.000 60.000 93,000 $1,794,800 $770,000 $1.024,800 Management is considering the following independent alternatives for 2020. 1. Increase unit selling price 25% with no change in costs and expenses. 2. Change the compensation of salespersons from fixed annual salaries totaling $201.000 to total salaries of $36.015 plus a 5% commission on net sales. 3. Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to 50:50. (a) Compute the break-even point in dollars for 2019. (Round contribution margin ratio to 4 decimal places e.g. 0.2512 and final answer to O decimal places, eg. 2,510.) Break-even point $ 1708000 (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 e.g. 0.251 and final answers to 0 decimal places, e.g. 2,510.) Break-even point 1. Increase selling price $ 1500000 2. Change compensation $ 1569100 3. Purchase machinery $ 1702712 Which course of action do you recommend? Alternative 1 e Textbook and Media