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Required information [The following information applies to the questions displayed below] Astro Company sold 26,500...

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Accounting

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Required information [The following information applies to the questions displayed below] Astro Company sold 26,500 units of its only product and reported income of $246,000 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 60% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $150,000. Total units sold and the selling price per unit will not change. - Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume ales are $1,325,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) 2. Prepare a contribution margin income statement for next year that shows the expected results with the machine installed. Assume sales are $1,325,000. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)

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