Listed here are four series of separate costs measured at various volume levels Volume (Units) Series 1 Series 2 Series 3 Series 4 450 $ 450 450 450 450 450 450 800 800 800 1,600 1,600 2,400 2,400 100 105 120 145 190 250 320 100 200 300 400 500 600 800 1,600 2,400 3,200 4,000 4,800 Examine each series and identify whether it is best described as a fixed, variable, step-wise, or curvilinear cost. (lt can help to graph the cost series.) Series 1 Series 2 Series 3 Series 4 Astro Co. sold 20,100 units of Its only product and incurred a $63,560 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2018's activities, the production manager notes that varlable costs can be reduced 40% by installing a machine that automates several operations. To obtain these savings, the company must Increase its annual fixed costs by $151,000. The maximum output capacity of the company is 40,000 units per year. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31, 2017 Sales Variable costs Contribution margin Fixed costs Net loss 755,760 566,820 188,940 252,500 $(63,560) Requirec 1. Compute the break-even point in dollar sales for year 2017 (Round your answers to 2 decimal places.) Contribution Margin Per Unit Current Contribution Margin Ratio Choose Numerator: Choose Denominato ak-Even Point in Dollar Sales: Choose Numerator: 3. Prepare a forecasted contribution margin income statement for 2018 that shows the expected results with the machine installed Assume that the unit selling price and the number of units sold will not change, and no income taxes will be due. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) ASTRO COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2018 Contribution margin 4. Compute the sales level required in both dollars and units to earn $210,000 of target pretax income in 2018 with the machine installed and no change in unit sales price. (Do not round intermediate calculations. Round your answers to 2 decimal places. Round "Contribution margin ratio" to nearest whole percentage) ales level required in dollars | , |-sales dollars required Choose Denominator: Choose Numerator: Sales dollars required les level required in units Choose Numerator: Choose Denominator: Sales units required Sales units required Required Information The following information applies to the questions displayed below.j Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 45,000 units of each product. Sales and costs for each product follow Product T Product O Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (322 rate) Net income $ 787,500 551,250 236,250 111,250 125,000 787,500 78.750 708,750 583,750 125,000 $75,000 75,000 Requirec 1. Compute the break-even point in dollar sales for each product. (Enter CM ratlo as percentage rounded to 2 declmal places.) Product T Contribution Margin Ratio Contribution Margin Ratio Choose Numerator: Choose Denominator: Contribution margin ratio Break-Even Point in Dollars Break-Even Point in Choose Numerator Choose Denominator: Dollars Break-even point in dollars Product O Contribution Margin Ratio Contribution margirn ratio Break-Even Points in Dollars Break-even point in dollars 2. Assume that the company expects sales of each product to decline to 28,000 units next year with no change in unit selling pr Prepare forecasted financial results for next year following the format of the contribution margin income statement as just shown columns for each of the two products (assume a 40% tax rate). Also, assume that any loss before taxes yields a 40% tax benefit. Round "per unlt" answers to 2 decimal places. Enter losses and tax benefits, If any, as negative values.) HENNA Co Forecasted Contribution Margin Income Statement Product T Product C Total $ Per unit Total Units $ Per unit Total Contribution margin Net income (loss) 3. Assume that the company expects sales of each product to Increase to 59,000 units next year with no change In unit selling pr Prepare forecasted financial results for next year following the format of the contribution margin Income statement shown with columns for each of the two products (assume a 40% tax rate). (Round "per unit" answers to 2 decimal places.) HENNA Co Forecasted Contribution Margin Income Statement Product T Product O Total Total $ Per unit $ Per unit Total Units Contribution margin Net income (loss)