Benson Company currently produces and sells 6,600 units annually of a product that has a variable cost of $13 per unit and annual fixed costs of $206,400. The company currently earns a $84,000 annual profit. Assume that Benson has the opportunity to invest in new labor-saving production equipment that will enable the company to reduce variable costs to $11 per unit. The investment would cause fixed costs to increase by $9.400 because of additional depreciation cost Required a. Use the equation method to determine the sales price per unit under existing conditions (current equipment is used). b. Prepare a contribution margin income statement, assuming that Benson invests in the new production equipment Complete this question by entering your answers in the tabs below. Required A Required B Prepare a contribution margin income statement, assu BENSON COMPANY Contribution margin Income statement Sales $ 376,200 Variable costs (85,800) Contribution margin $ 290,400 Fixed costs (215,800) Net income $ 74,600