Required information The following information applies to the questions displayed below. Beacon Company is considering automating its production facility. The initial investment in automation would be $11.02 million, and the equipment has a useful life of 9 years with a residual value of $1,030,000. The company will use straight- line depreciation. Beacon could expect a production increase of 41,000 units per year and a reduction of 20 percent in the labor cost per unit. Current (no automation) 88,000 units Per Unit Total $ 98 Proposed (automation) 129,000 units Per Unit Total $ 98 $ 20 $ 20 Production and sales volume Sales revenue Variable costs Direct materials Direct labor Variable manufacturing overhead Total variable manufacturing costs Contribution margin Fixed manufacturing costs Net operating income $ 49 $ 53 $ 1,130,000 $ 2,160,000 Required: 1-a. Complete the following table showing the totals. (Enter your answers in whole dollars, not in millions.) Current (no automation) 88,000 units Per Unit T otal $ 98 Proposed (automation) 129,000 units Per Unit T otal $ 98 $ $ 20 20 20 Production and Sales Volume Sales revenue Variable costs Direct materials Direct labor Variable manufacturing overhead Total variable manufacturing costs Contribution margin Fixed manufacturing costs Net operating income 9 $ 49 $ 53 $ 1,130,000 $ 2,160,000