Question 1 1 pts Pewterschmidt Industries reported the following results from the sale of 17,500 watches in December: Sales $875,000, variable costs $525,000, fixed costs $200,000, and net income $150,000. Assume that Pewterschmidt increases the selling price of watches by 10% on January 1 (variable cost per unit and total fixed costs remain unchanged.) What will be the new contribution margin per unit, and how many watches will have to be sold in January to maintain the same level of net income? $20; 10,000 $20; 17,500 $16.50; 21,212 $25; 14,000 $25; 8,000 Next