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[The following information applies to the questions displayed below] Beacon Company is considering automating its production facility. The initial investment in automation would be $8.55 million, and the equipment has a useful life of 7 years with a residual value of $1,130,000. 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. Current (no automation) Proposed (automation) 86,000 units 119,000 units Per Per 58:53 Production and sales volume Unit Total Unit Total Sales revenue $ 99 $ ? $ 99 $ ? Variable costs Direct materials $ 15 15 Direct labor 30 Variable manufacturing overhead 9 9 ook Total variable manufacturing costs 54 Contribution margin $ 45 $ 51 Fixed manufacturing costs $ 1, 130, 090 $ 2,320,000 Net operating income ? ? rint rences Required: 1-a. Complete the following table showing the totals. (Enter your answers in whole dollars, not in millions.) Current (no automation) Proposed (automation) 86,000 units 119,000 units Production and Sales Volume Per Unit Total Per Unit Total Sales revenue S 99 $ 99 Variable costs Direct materials 15 $ 15 Direct labor 30 Variable manufacturing overhead 9 9 Total variable manufacturing costs 54 Contribution margin S 45 $ 51 Fixed manufacturing costs $ 1,130,000 $ 2,320,000 Net operating income