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Required information Problem 5-3A (Static) Break-even analysis; income targeting and strategy LO C2, A1, P2 [The following information applies to the questions displayed below.] Astro Company sold 20,000 units of its only product and reported income of $25,000 for the current year. During a planning session for next year's activities, the production manager notes that variable costs can be reduced 40% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $241,000. The selling price per unit will not change. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales ($50 per unit) $ 1,000,000 Variable costs ($40 per unit) 800,000 Contribution margin 200,000 Fixed costs 175,000 Income $ 25,000 1. Compute the break-even point in dollar sales for next year assuming the machine is installed. Contribution Margin Per Unit Proposed Sales $ 50 Per unit Variable costs 40 Per unit 10 Per unit Contribution Margin Ratio Numerator: Denominator: Contribution Margin Ratio Contribution margin ratio Contribution margin per unit Selling price per unit = 0 Break-Even Point in Dollar Sales with New Machine: Numerator: Denominator: Break-Even Point in Dollars Total fixed costs 7 Contribution margin ratio Break-even point in dollars 0 Answer is not complete. Contribution Margin Per Unit Proposed Sales $ 50 Per unit Variable costs 40 X Per unit 10 Per unit Contribution Margin Ratio Numerator: Denominator: Contribution margin per unit Contribution Margin Ratio Contribution margin ratio Selling price per unit 0 Break-Even Point in Dollar Sales with New Machine: Numerator: Denominator: 11 Break-Even Point in Dollars Total fixed costs Contribution margin ratio 11 Break-even point in dollars 0