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planning session for next year's activities, the production manager notes that variable costs can be reduced 4 9 % by installing a machine that automates

planning session for next year's activities, the production manager notes that variable costs can be reduced 49% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $151,000. Total units sold and the selling price per unit will not change.
2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,045,500.
Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar.
\table[[ASTRO COMPANY],[Contribution Margin Income Statement,],[For Year Ended December 31,],[,],[,],[Contribution margin,]]
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