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 58,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Mementos $ 974,400 194,880 779,520 631,520 Carvings $ 974,400 779,520 194,880 46,880 $ 148,000 $ 148,000 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.) Contribution Margin Ratio Numerator: Break-Even Point in Dollars Numerator: PRODUCT CARVINGS Denominator: Denominator: PRODUCT MEMENTOS Contribution Margin Ratio Break-Even Point in Dollars Contribution margin ratio 0 = Break-even point in dollars 0 Contribution margin ratio 0 Break-even point in dollars 0