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Required information [The following information applies to the questions displayed below.] Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 43,000 units of each product. Income statements for each product follow. Mementos Carvings $761,100 Sales $761,100. 76,110 Variable costs 608,880 Contribution margin 152,220 684,990 Fixed costs 33,220 565,990 Incone $ 119,000 $ 119,000 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: Denominator: Sales Contribution margin ratio Break-Even Point in Dollars Variable costs 0 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentag PRODUCT CARVINGS Contribution Margin Ratio Numerator: Denominator: Sales Contribution margin ratio Break-Even Point in Dollars Numerator: Denominator: Break-even point in dollars PRODUCT MEMENTOS Contribution Margin Ratio Contribution margin ratio Break-Even Point in Dollars Break-even point in dollars / Variable costs 1 0 0 0 Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 43,000 units of each product. Income statements for each product follow. Mementos Sales Carvings $761,100 $ 761,100 Variable costs 608,880 76,110 152,220 Contribution margin Fixed costs 684,990 33,220 565,990 Income $ 119,000 $ 119,000 2. Assume that the company expects sales of each product to decline to 26,000 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.) HENNA COMPANY Contribution Margin Income Statement Carvings Mementos Total $ Per unit Total Contribution margin Income (loss) Units $ Per unit Total Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 43,000 units of each product. Income statements for each product follow. Carvings Mementos Sales $761,100 $761,100 Variable costs 608,880 76,110 Contribution margin 152,220 684,990 33,220 565,990 Fixed costs Income $ 119,000 $ 119,000 3. Assume that the company expects sales of each product to increase to 57,000 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.) HENNA COMPANY Contribution Margin Income Statement Carvings Mementos Total $ Per unit Total Contribution margin Income (loss) Units $ Per unit Total