Safari File Edit View History Bookmarks Window Help Q 8 0 Thu May 5 10:22 PM . . . ~ education.wiley.com + 88 Bb Week 5 - Managerial Accounting AC... W NWP Assessment Builder UI Applicat. W NWP Assessment Player UI Applicati Course Hero Untitled tems Week 5 - Assignment: Chapter 6 Question 1 of 1 education.wiley.com C + 88 Pf iCampus Login W NWP Assessment Builder Ul Application W NWP Assessment Player UI Application tems Week 5 - Assignment: Chapter 6 Question 1 of 1 23.75 / 95 Show Attempt History Current Attempt in Progress Booth Company had sales in 2020 of $1,915,000 on 76,600 units. Variable costs totaled $1,149,000 and fixed costs totaled $471,000. A new raw material is available that will decrease the variable costs per unit by 20% (or $3.00). However, to process the new raw material, fixed operating costs will increase by $136,000. Management feels that two-thirds 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 4% increase in the number of units sold. (a1) V Your answer is correct. Prepare a projected CVP income statement for 2020 assuming the changes have not been made. Booth Company CVP Income Statement For the Year Ended December 31, 2020