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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

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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 49,000 units of each product Income statements for each product follow. Sales Variable cont Contribution margin Pixed costs Income Carvings $.837.900 670.220 167.580 30,580 $ 137,000 Mementon $137.900 83,790 754,110 $12, 110 137,000 3. Assume that the company expects sales of each product to increase to 63,000 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 Units Per unit Total 5 Per unit Total Total Contribution margin Income (s)

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