2 The following information applies to the questions displayed below.) Astro Company sold 22,000 units of its only product and reported income of $70.200 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 46% by Installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $154,000. Total units sold and the selling price per unit will not change. art 2 of 3 66 ASTRO COMPANY Contribution Margin Income statement For Year Ended December 31 Sales (554 per unit) $ 1,188,000 Variable costs (505 per unit) 1,056,000 Contribution margin 132,000 Fixed costs 61.00 Income $ 70,200 3 02.40:34 eBook Print ferences 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Ass sales are $1,188,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollor.) ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 0 Contribution margin $ 0 CD S Prav 2 3 of 6 Next > 3 line nowowing information appies to the questions arsprayed Detow.) Astro Company sold 22,000 units of its only product and reported income of $70.200 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 46% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $154,000. Total units sold and the selling price per unit will not change. of 3 ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (554 per unit) $ 1,188,000 Variable costs ($48 per unit) 1,056,000 Contribution margin 132,000 Fixed costs 61,300 Incone $ 70,200 30:14 3. Compute the sales level required in both dollars and units to earn $240,000 of target income for next year with the machine installed. (Do not round intermediate calculations. Round your answers to 2 decimal places. Round "Contribution margin rat nearest whole percentage) PS Sales level required in dollars Denominator: Numerator: Sales dollars required 0 Sales level required in units Numerator: Denominator: = Sales units required 0