Broadening Your Perspective 20-1 (Part Level Submission) E-Z Seats manufactures swivel seats for customized vans. It currently manufactures 12,000 seats per year, which it sells for $500 per seat. It incurs variable costs of $230 per seat and fixed costs of $2,400,000. It is considering automating the upholstery process, which is now largely manual. It estimates that if it does so, its fixed costs will be $3,600,000, and its variable costs will decline to 100 per seat. With the class divided into groups, answer the following questions. Your answer is correct. Prepare a CVP income statement based on current activity E-1 Seats CVP Income Statement Sales Varlable Costs Contribution Margin ? Fixed Costs 6000000 2760000 3240000 2400000 840000 Net Income/(Loss) Attempts: 2 of 2 used