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Accounting

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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.
Compute the sales level required in both dollars and units to earn $240,000 of target income for next year with the machine
installed.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Round "Contribution margin ratio" to
nearest whole percentage
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