Gyro Company manufactures Products T and W and is operating at full capacity. Manufacturing Product W requires three times the number of machine hours required for Product T. Market research indicates that 1,000 additional units of Product W could be sold. The contribution margin by unit of product is as follows: 
Determine the increase or decrease in total contribution margin if 1,000 additional units of Product W are produced and sold.
Definitions:
Statistical Regression
A phenomenon where extreme scores or outcomes tend to move towards the average over time.
Heuristic Processing
A method of problem-solving, learning, or discovery that employs a practical approach based on experience, immediate context, or a rule of thumb rather than explicit criteria.
Desired Outcomes
The specific results or consequences that an individual or group aims to achieve through their actions or decisions.
Representativeness Heuristic
A mental shortcut that involves judging the probability or frequency of an event by how much the event resembles the typical case.
Q20: The amount of income under absorption costing
Q25: The manufacturing costs of Carrie Industries for
Q35: The level of inventory of a manufactured
Q41: Ruby Company produces a chair for which
Q62: Use of a plantwide factory overhead rate
Q148: Good Night, Inc., manufactures comforters. The estimated
Q171: Variable costs as a percentage of sales
Q174: Blane Company has the following data: <img
Q217: A mixed cost has characteristics of both
Q230: Kaden Company's fixed costs are $46,800, the