Check my work Required information [The following information applies to the questions displayed below) This year Burchard Company sold 33.000 units of its only product for $18.40 per unt Manufacturing and selling the product required $118.000 of foed manufacturing costs and $178.000 of foxed selling and administrative costs. Its per unit variable costs ow. Direct laber paid on the basis of completed unita) Variable overhead costs Variable selling and administrative costa Next year the company will use new material, which will reduce material costs by 60% and direct labor costs by 40% and will not affect product quality or marketability Management is considering an increase in the unit selling price to reduce the number of units sold because the factory's output is nearing its annual output capacity of 38.000 units. Two plans are being considered. Under plant the company will keep the selling price at the current level and sell the same volume as last year. This plan will increase income because of the reduced costs from using the new material. Under plan 2. the company will increase the selling price by 25% This plan will decrease unit sales volume by 10% Under both plans 1 and 2, the total food costs and the variable costs per unit for overhead and for selling and administrative costs will remain the same MA O PARA U