Blossom 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 500,500 units of product: sales $2,502,500, total costs and expenses $2,615,550, and net loss $113,050. Costs and expenses consisted of the amounts shown below. Total Variable Fixed Cost of goods sold $2,155,090 $1,491,490 $663,600 Selling expenses 250,250 92,092 158,158 Administrative expenses 210,210 68,068 142,142 $2,615,550 $1,651,650 $963,900 Management is considering the following independent alternatives for 2021. 1. Increase unit selling price 20% with no change in costs, expenses, and sales volume. 2. Change the compensation of salespersons from fixed annual salaries totaling $150,150 to total salaries of $60,060 plus a 6% commission on sales. Correct answer. Your answer is correct. Compute the break-even point in dollars for 2020. Break-even point $Entry field with correct answer 2835000 LINK TO TEXT Partially correct answer. Your answer is partially correct. Try again. Compute the contribution margin under each of the alternative courses of action.