UT 5 Required information Part 1 of 3 (The following information applies to the questions displayed below.) Astro Company sold 29,500 units of its only product and reported income of $234,000 for the current year. During a planning session for next year'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 $180,000. Total units sold and the selling price per unit will not change. 10 points eBook ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($60 per unit) $ 1,770,000 Variable costs ($48 per unit) 1, 416,000 Contribution margin 354,000 Fixed costs 120,000 Income $ 234,000 Print 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: Denominator: Contribution Margin Ratio / Contribution margin ratio Break-even point in dollar sales with new machine: Numerator: Denominator: = Break-Even Point in Dollars Break-even point in dollars 1