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 40,000 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) Product T $ 720,000 576,000 144,000 34,000 110,000 35,200 $ 74,800 Product o $ 720,000 144,000 576,000 466,000 110,000 35,200 $ 74,800 Net income Required: 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: 1 Choose Denominator: Contribution Margin Ratio Contribution margin ratio Break-Even Point in Dollars Choose Numerator: Choose Denominator: Break-Even Point in Dollars Break-even point in dollars / = Producto Contribution Margin Ratio / Contribution margin ratio 0 Break-Even Point in Dollars Break-even point in dollars