Required information [The following information applies to the questions displayed below.] Astro Company sold 22,000 units of its only product and reported income of $70,200 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 46% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $154,000. Total units sold and the selling price per unit will not change. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($54 per unit) $ 1,188,000 Variable costs ($48 per unit) 1,056,000 Contribution margin 132,000 Fixed costs 61,800 Income $ 70,200 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: 1 Denominator: Contribution Margin Ratio Contribution margin ratio Break-even point in dollar sales with new machine: Numerator: 1 Denominator: Break-Even Point in Dollars / Break-even point in dollars Required information (The following information applies to the questions displayed below. Astro Company sold 22,000 units of its only product and reported income of $70,200 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 46% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $154,000. Total units sold and the selling price per unit will not change. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($54 per unit) $ 1,188,000 Variable costs ($48 per unit) 1,056,000 Contribution margin 132,000 Fixed costs 61,800 Income $ 70,200 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,188,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Contribution margin