For the next year, management will use a new material, which will reduce direct materials costs to $2.10 per unit and reduce direct labor costs to $1.60 per unit. Sales, total fixed costs, variable overthead costs per unit, and vartable seltinch and administrative costs per unit will not change. Management is also considering raising its selling price to $19.68 per unit, which would decrease unit sales volume to 35,150 units. Prepare a contribution margin income statement for next year with two columns showing the expected results of (a) using the new terial and (b) using the new material and increasing the selling price. Required information [The following information appiles to the questions displayed below] Burchard Company sold 37,000 units of its only product for $16,40 per unit this year. Manufacturing and selling the product required $304,000 of fixed costs, Its per unit variable costs follow. For the next year, management will use a new material, which will reduce direct materials costs to $2.10 per unit and reduce ditect labor costs to $1.60 per unit. Sales; total fixed costs, variable overtiead costs per unit, and variable selling and administrative costs per unit will not charge. Maragement is atso considering taising is selling price to $19.68 per anit, which would decrease unit sales volume to 35,150 units. 2. Prepare a contabutson margin income statement for next year with fwo columns showing the expected results of (a) using the new materiaf and (b) using the new material and increasing the selling price