Ac [The following information applies to the questions displayed below.] Beacon Company is considering automating its production facility. The initial investment in automation would be $10.76 million, and the equipment has a useful life of 8 years with a residual value of $1,160,000. The company will use straight-line depreciation. Beacon could expect a production increase of 33,000 units per year and a reduction of 20 percent in the labor cost per unit. Production and sales volume Sales revenue Variable costs Direct materials Direct labor Variable manufacturing overhead i Total variable manufacturing costs Contribution margin Fixed manufacturing costs Net operating income Current (no automation) Proposed (automation) 89,000 units 122,000 units Per Per Unit Total Unit $100 $7 $100 Total $ 7 $ 20 $ 20 25 2 9 9 54 $ 46 2 ? $ 51 $ 1,180,000 $ 2,190,000 2 7 Required: 1-a. Complete the following table showing the totals. (Enter your answers in whole dollars, not in millions.) Current (no automation) 89,000 units Production and Sales Volume Per Unit Sales revenue $ 100 Variable costs Total $ Proposed (automation) 122,000 units Per Unit Total 100