Midlands Inc. had a bad year in 2019. For the first time in its history, it operated at a loss. The company’s income sta

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Midlands Inc. had a bad year in 2019. For the first time in itshistory, it operated at a loss. The company’s income statementshowed the following results from selling 77,000 units ofproduct: net sales $1,540,000; total costs and expenses $1,794,800;and net loss $254,800. Costs and expenses consisted of thefollowing.
Total
Variable
Fixed
Management is considering the following independent alternativesfor 2020.
(a) Compute the break-even point in dollarsfor 2019. (Round contribution margin ratio to 4decimal places e.g. 0.2512 and final answer to 0 decimal places,e.g. 2,510.)
$Enter the break-even point in dollars rounded to 0 decimalplaces
(b) Compute the break-even point in dollarsunder each of the alternative courses of action for2020. (Round contribution margin ratio to 3decimal places e.g. 0.251 and final answers to 0 decimal places,e.g. 2,510.)
Break-even point
$Enter a dollar amount
$Enter a dollar amount
$Enter a dollar amount
Which course of action do you recommend? Select anoption Alternative 1Alternative 2Alternative 3