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Required information (The following information applies to the questions displayed below.) Astro Co. sold 19,100 units of its only product and incurred a $63,282 loss

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Required information (The following information applies to the questions displayed below.) Astro Co. sold 19,100 units of its only product and incurred a $63,282 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2018's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $141,000. 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 $699, 060 Variable costs 489, 342 Contribution margin 209, 718 Fixed costs 273,000 Net loss $(63,282) 5. Prepare a forecasted contribution margin income statement that shows the results at the sales level computed in part 4. Assume no income taxes will be due. (Do not round intermediate calculations. Round "per unit answers" to 2 decimal places.) ASTRO COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2018 2010 $ Per Unit $ 36.60 Contribution margin

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