Number ter 21 Homework IThe following information applies to the questions displayed below] Astro Co. sold 20,000 units of its only product and incurred a $50,000 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2016'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 $200,000. The maximum output capacity of the company is 40,000 units per year. ASTRO COMPANY Contribution Margin Income Statement For Year Ended December 31, 2015 $1,000,000 Sales Variable costs 800,000 Contribution margin 200,000 250,000 Fixed costs. (50,000) Net loss value nointf 3 You did not receive full credit for this guestion in a previous attempt