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Astro Company sold 24,000 units of its only product and reported income of $174,800 for the current year. During a planning session for next year's

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Astro Company sold 24,000 units of its only product and reported income of $174,800 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 42% by installing a machine that automates several operations. To obtain these savings. the company must increase its annual fixed costs by $158,000. Total units sold and the selling price per unit will not change. Problem 21-3A (Algo) Part 3 3. Compute the sales level required in both dollars and units to earn $280,000 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 ratio" to nearest whole percentage)

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