ent CALCULATOR FULL SCREEN PRINTER VERSTON BACK NEX Exercise 19-05 Your answer is partially correct. Try again. Carey Company had sales in 2019 of $1,766,800 on 63,100 units. Variable costs totaled $1,009,600, and fixed costs totaled $499,000. A new raw material is available that will decrease the variable costs per unit by 20% (or $3.20). However, to process the new raw material, fixed operating costs will increase by $98,000. Management feels that one-half of the decline in the variable costs per unit should be passed on to customers in the form of a sales price reduction, The marketing department expects that this sales price reduction will result in a 5% increase in the number of units sold. (a) Prepare a projected CVP income statement for 2020, assuming the changes have not been made. CAREY COMPANY CVP Income Statement For the Year Ended December 31, 2020 Total Per Unit T Sales 1 Variable Costs Contribution Margin . Fixed Costs Net Income/(Loss) ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT (b) Prepare a projected CVP Income statement for 2020, assuming that changes are made as described. (Round per unit cost to 2 decimal places, e.. 5.25 and all other answers to decimal places, e.g. 1.225.) CAREY COMPANY CVP Income Statement For the Year Ended December 31, 2020 Per Unit Sales T Variable Costs NIIII Contribution Margin Foxed Costs Net Income/(Loss) 0 Click if you would like to show Work for this question: Open Show Work