Exercise 19-5 Hall Company had sales in 2014 of $1,941,000 on 64,700 units. Variable costs totaled $1,164,600, and fixed costs totaled $409,600. A new raw material is available that will decrease the variable costs per unit by 30% (or $5.40). However, to process the new raw material, fixed operating costs will increase by $156,600. 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. Prepare a projected CVP income statement for 2014, assuming the changes have not been made. (Round per unit cost to 2 decimal places, e.g. 5.25 ad all other answers to O decimal places, e.g. 1,225.) HALL COMPANY CVP Income Statement For the Year Ended December 31, 2014 Total Per Unit