Astro Company sold 27,500 units of its only product and reported income of ( $ 67,000 ) 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 incr solutionspile.com

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Astro Company sold 27,500 units of its only product and reported income of  (  $ 67,000  ) 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  (  $ 144,000  ). Total units sold and the selling price per unit will not change. Compute the sales level required in both dollars and units to earn  (  $ 140,000  ) of target income for next year with the machine istalled. (Do not round intermediate calculations. Round your answers to 2 decimal places. Round &#34;Contribution margin ratio&#34; to earest whole percentage)  3. Compute the sales level required in both dollars and units to earn  (  $ 140,000  ) of target income for next year with the machine installed. (Do not round intermediate calculations. Round your answers to  (  mathbf{2}  ) decimal places. Round &#34;Contribution margin ration&#34; to nearest whole percentage) solutionspile.com

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