Requlred 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 $9.33 million, and the equipment has a useful life of 7 years with a residual value of $1.070,000. The company will use straight- line depreciation. Beacon could expect a production increase of 36.000 units per year and a reduction of 20 percent in the labor cost per unit. Current (no automation) 80,eee units Per Proposed (automation) 116,080 units Per Unit Total $ 99 $? Unit $ 99 Total $ 15 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 $ 15 39 12 $ 42 $ 48 ? $ 2.32e.eea $ 1,230, eee Required: 1-a. Complete the following table showing the totals. (Enter your answers In whole dollars, not in millions.) Current (no automation) 80,000 units Per Unit T otal 99 Proposed (automation) 116,000 units Per Unit T otal $ 99 Production and Sales Volume Sales revenue Variable costs Direct materials 15 S 15 Direct labor Variable manufacturing overhead Total variable manufacturing costs Contribution margin Fixed manufacturing costs Net operating income 48 $ 1.230.000 S 2.320.000 1-b. Does Beacon Company favor automation? Yes No