View Policies Current Attempt in Progress For nearly 20 years, Woahorse Coatings has provided painting and galvanizing services for manufacturers in its region. Manufacturers of various metal products have relied on the quality and quick turnaround time provided by Wildhorse Coatings and its 20 skilled emplo During the past year, as a result of a sharp upturn in the economy, the company's sales have increased by 30% relative to the previous year. The company has not been able to increase its capacity fast enough, so Wildhorse Coatings has had to turn work away because it cannot keep up with customer requests Top management is considering the purchase of a sophisticated robotic painting booth. The booth would represent a comiderable move in the direction of automation versus manual labour it Wildhorse Coatings purchases the booth, it would most likely layoff 15 of its skited pancers. To analyze the decision, the company compiled production information from the most recent year and then prepared a parallel.compilation assuming that the company would purchase the new eqlament and lay off the workers a s you can ten, the company projects that during the past year it would have been far more profitable it had used the automated approach Sales Current Approach Automated Approach $2,000,000 $2,000,000 Variable to 900000 500,000 Contributionmarco 100,000 1500,000 Fixed costs 200.200 600,000 Operating incon 599800 $900,000 Calculate the contribution oratio under each approach Current Aggtesh Automated Anomal