View Policies Current Attempt in Progress 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 80,000 units of product: net sales $1.600,000, total costs and expenses $1,815.200, and net loss $215.200. Costs and expenses consisted of the following Total Variable Fixed $1.156,000 $650,000 $506,000 Cost of goods sold Selling expenses 512.200 93,000 419,200 Administrative expenses 147,000 57,000 90,000 $1.815,200 $800,000 $1,015.200 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 $199,000 to total salaries of $45.010 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 falathathaalaalalanslalaamtailsutianimalis ter | ATA Chapter 19 - Graded Homework Question 4 of 6