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Required information Problem 21-5A (Algo) Contribution margin; income effects of alternative strategies LO C2, A1, P2 [The following information applies to the questions displayed below]. Burchard Company sold 40,000 units of its only product for $1700 per unit this year. Manufacturing and selling the product requlred $310.000 of fixed costs. Its per unit variable costs follow. For the next yeat, management will use a new material, which will reduce direct materials costs to $2.25 per unit and teduce direct tabor costs to $1.75 per unit. Sales, total fxed costs, variable overhead costs per unit, and variable seling and administrative costs per unit will not change. Management is also considering raising its selling price to $20.40 per unit, which would decrease unit sales volume to 38,000 units roblem 21-5A (Algo) Part 2 2. Prepare a contribution margin income statement for next year with two columns showing the expected results of (a) using the new material and (b) using the new material and increasing the selling price