IThe following information applies to the questions displayed below Beacon Company is considering automating its production facility. The initial investment in automation would be $11.85 million, and the equipment has a useful life of 9 years with a residual value of $1140,000. The company will use straight-line depreciation. Beacon could expect a production increase of 48,000 units per year and a reduction of 20 percent in the labor cost per unit Current (no automatlon) 73,000 units Proposed (automation) Production and sales volume 121,000 units Per Per Total Sales revenue Variable costs $ 96 $ 96 Direct materials Direct labor Variable manufacturing overhead 25 Total variable manufacturing costs Contribution margin Fixed manufacturing costs $ 43 $ 48 $1,060,000 $ 2,.200,000 Net operating income 1.16 points Required 1-a. Complete the following table showing the totals. (Enter all answers in whole dollars.) Proposed (automation) $121,000 Units Per Unit Current (no automation) ction and Sales Volume 73,000 Units Per Unit $ 9, $7,008,000|$ Total Total Sales Revenue 96[ $11,616,000 Variable Costs Direct Materials Direct Labor 25 20 Variable Manufacturing Overhead Total Variable Manufacturing Costs Contribution Margin Fixed Manufacturing Costs Net Operating Income 53 48 $ 43,139,000485, 808,000 2,200,000 3,608,000 $1,060,000 2,079,000