! Required Information [The following information applies to the questions displayed below.) Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 60,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (35rate) Net income Product 1 $1,020,000 612,000 408,000 258,000 150,000 52,500 $ 97,500 Producto $1,020,000 204,000 816,000 666,000 150,000 52,500 97,500 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.) Product T Contribution Margin Ratio Choose Numerator: Contribution margin Choose Denominator: 1 Sales Contribution Margin Ratio Contribution margin ratio 0 Break-Even Point In Dollars Choose Numerator: Choose Denominator: Break-Even Point in Dollars Break-even point in dollars 1 0 Producto Contribution Margin Ratio Contribution margin ratio Break-Even Point in Dollars Break-even point in dollars 0