Required: 1-a. Complete the following table showing the totals. (Enter your answers in whole...

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Accounting

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1-a. Complete the following table showing the totals. (Enter your answers in whole dollars, not in millions.)
\table[[and,Current (no automation),Proposed (automation)],[,,units,\table[[125,000],[Per Unit]],units,],[Production and Sales Volume,Per Unit,Total,,Total],[Sales revenue,$,96,,,96,],[Variable costs,,,,,r,],[Direct materials,$,16,N,,16,],[Direct labor,,15,,,,],[Variable manufacturing overhead,,9,,,,],[Total variable manufacturing costs,,40,As,,x,T],[Contribution margin,$,56,,,59,2],[Fixed manufacturing costs,,,$,1,240,000,,$2,330,000Beacon Company is considering automating its production facility. The initial investment in automation would be $10.31 million, and the equipment has a useful life of 8 years with a residual value of $1,030,000. The company will use straight-line depreciation. Beacon could expect a production increase of 43,000 units per year and a reduction of 20 percent in the labor cost per unit.
Current (no automation) Proposed (automation)
82,000 units 125,000 units
Production and sales volume Per Unit Total Per Unit Total
Sales revenue $ 96 $ ? $ 96 $ ?
Variable costs
Direct materials $ 16 $ 16
Direct labor 15?
Variable manufacturing overhead 99
Total variable manufacturing costs 40?
Contribution margin $ 56? $ 59?
Fixed manufacturing costs $ 1,240,000 $ 2,330,000
Net operating income ??
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