actories and markets them through merent channels. Iney have no shared costs. This year, the company said ,uvv units of each product. Income statements for each product follow. 779,520 Mementos $ 974,400 194,888 Sales Carvings $ 974,400 Variable costs Contribution margin Fixed costs Income 194,880 46,880 631,520 $ 148,000 $ 148,000 779,520 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.) PRODUCT CARVINGS Contribution Margin Ratio Numerator: Break-Even Point in Dollars Numerator: Denominator: Denominator: Contribution margin ratio Break-even point in dollars PRODUCT MEMENTOS Contribution Margin Ratio Contribution margin ratio 0 Break-Even Point in Dollars Break-even point in dollars 2. Assume that the company expects sales of each product to decline to 41,000 units next year with no change in unit selling price. Prepare a contribution margin income statement for the next year (as shown above with columns for each of the two products). (Round "per unit" answers to 2 decimal places.) Contribution margin Income (loss) HENNA COMPANY Contribution Margin Income Statement Carvings Mementos Units Total $ Per unit Total $ Per unit Total 3. Assume that the company expects sales of each product to increase to 72,000 units next year with no change in unit selling price. Prepare a contribution margin income statement for the next year (as shown above with columns for each of the two products). (Round "per unit" answers to 2 decimal places.) Contribution margin Income (loss) HENNA COMPANY Contribution Margin Income Statement Carvings Units $ Per unit Mementos Total Total $ Per unit Total