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 59,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net income Product T $997,100 697,970 299, 130 150,130 149,000 44,700 $104,300 Product o $997, 100 99,710 897,390 748,390 149,000 44,700 $104,300 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 = 1 Choose Denominator: | 1 Sales Contribution Margin Ratio Contribution margin ratio Break-even point in dollars Choose Numerator: Total fixed costs 1 Choose Denominator: 1 Contribution margin ratio = Break-Even Point in Dollars = Break-even point in dollars Product O Contribution Margin Ratio Contribution margin ratio 0 Break-Even Point in Dollars Break-even point in dollars