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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

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 46,000 units of each product. Income statements for each product follow. Sales Variable costs Fixed costs Income Carvings $ 800,400 640,320 Mementos $ 800,400 160,080 Contribution margin. 160,080 640,320 32,080 $128,000 512,320 $128,000 3. Assume that the company expects sales of each product to increase to 60.000 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 5 Per unit Total S 3 0 0 $

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