Please do not give solution in image format thanku Compute the break-even point in dollars for 2020.Break-even point $Compute the contribution margin under each of the alternative courses of action. (Round contribution margin ratio to O decimalplaces, e.g. 50 %)Contribution margin for alternative 1Contribution margin for alternative 2Break-even point for alternative 1 $Compute the break-even point in dollars under each of the alternative courses of action.Break-even point for alternative 2$%Which course of action do you recommend?% Carla Vista Corp's sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statementshowed the following results from selling 585,500 units of product: sales $2,927,500, total costs and expenses $3,036,000, and netloss $108,500. Costs and expenses consisted of the amounts shown below.Cost of goods soldSelling expensesAdministrative expensesTotal$2,497,340292,750245,910$3,036,0002.Variable$1,920,440Fixed$576,900107,732 185,01879,628 166,282$2,107,800 $928,200Management is considering the following independent alternatives for 2021.1. Increase unit selling price 20% with no change in costs, expenses, and sales volume.Change the compensation of salespersons from fixed annual salaries totaling $175,650 to total salaries of $70,260 plus a 4%commission on sales.

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showed the following results from selling 585,500 units of product: sales $2,927,500, total costs and expenses $3,036,000, and net loss $108,500. Costs and expenses consisted of the amounts shown below. Cost of goods sold Selling expenses Administrative expenses Total $2,497,340 292,750 245,910 $3,036,000 1. 2. Variable $1,920,440 107,732 79,628 $2,107,800 Fixed $576,900 185,018 166,282 $928,200 Management is considering the following independent alternatives for 2021. Increase unit selling price 20% with no change in costs, expenses, and sales volume. Change the compensation of salespersons from fixed annual salaries totaling $175,650 to total salaries of $70,260 plus a 4% commission on sales.

showed the following results from selling 585,500 units of product: sales $2,927,500, total costs and expenses $3,036,000, and net loss $108,500. Costs and expenses consisted of the amounts shown below. Cost of goods sold Selling expenses Administrative expenses Total $2,497,340 292,750 245,910 $3,036,000 1. 2. Variable $1,920,440 107,732 79,628 $2,107,800 Fixed $576,900 185,018 166,282 $928,200 Management is considering the following independent alternatives for 2021. Increase unit selling price 20% with no change in costs, expenses, and sales volume. Change the compensation of salespersons from fixed annual salaries totaling $175,650 to total salaries of $70,260 plus a 4% commission on sales.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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