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Beacon Company is considering automating its production facility. The initial investment in automation would be $$10\mathrm{.}31$

million, and the equipment has a useful life of $8$ years with a residual value of $$1,030,000.$ The company will use straight$-$

line depreciation. Beacon could expect a production increase of $43,000$ units per year and a reduction of $20$ percent in

the labor cost per unit.

Required:

$1-$a$.$ Complete the following table showing the totals. $($Enter your answers in whole dollars, not in millions.$)$

$\backslash$table$[[$and$,$Current $($no automation$),$Proposed $($automation$)],[,,$units,$\backslash$table$[[125,000],[$Per Unit$]],$units,$],[$Production and Sales Volume,Per Unit,Total,,Total$],[$Sales revenue,$$,96,,,96,],[$Variable costs,,,,,r$,],[$Direct materials,$$,16,$N$,,16,],[$Direct labor,,$15,,,,],[$Variable manufacturing overhead,,$9,,,,],[$Total variable manufacturing costs,,$40,$As$,,x,$T$],[$Contribution margin,$$,56,,,59,2],[$Fixed manufacturing costs,,,$$,1,240,000,,$$$2,330,000$