Exercise 6-5 (Video) Carey Company had sales in 2019 of $1,764,000 on 63,000 units. Variable costs totaled $1,134,000, and fixed costs totaled $543,000. A new raw material is available that will decrease the variable costs per unit by 20% (or $3.60). However, to process the new raw material, fixed operating costs will increase by $100,000. 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. (a) Prepare a projected CVP income statement for 2020, assuming the changes have not been made. CAREY COMPANY CVP Income Statement For the Quarter Ended December 31, 2020 v Total Per Unit Sales 1764000 $ $ Variable Costs > $ $ Open Show Work Click if you would like to Show Work for this