Required Information [The following information applies to the questions displayed below.] Astro Company sold 28,000 units of its only product and reported income of $161,000 for the current year. During a planning session for next year's activities, the production manager notes that variable 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 $143,000. Total units sold and the selling price per unit will not change. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($56 per unit) Variable costs ($42 per unit) Contribution margin Fixed costs Income $ 1,568,000 1,176,000 392,000 231,000 $ 161,000 1. Compute the break-even point in dollar sales for next year assuming the machine is installed. (Round your answers to 2 decimal places.) Contribution Margin per unit Proposed $ Contribution Margin Ratio Numerator: Break-even point in dollar sales with new machine: Numerator: 0.00 Denominator: = Contribution Margin Ratio = Contribution margin ratio 0 Denominator: = = Break-Even Point in Dollars Break-even point in dollars 0