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 50,000 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 $2,000,000 1,600,000 400,000 125,000 275,000 88,000 $ 187,000 Producto $2,000,000 250,000 1,750,000 1,475,000 275,000 88,000 $ 187,000 1. compute the break-even point in dollar sales for each product (Enter CM ratio os percentage rounded to 2 decimal places.) Product Contribution Margin Ratio Choose Numerator: Contribution margin Choose Denominator: 1 Sales Contribution Margin Ratio Contribution margin ratio 0 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 0 15 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 50,000 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 $2,000,000 1,600,000 400,000 125,000 275,000 88,000 $ 187,000 Product o $2,000,000 250,000 1,750,000 1,475,000 275,000 88,000 $ 187,000 2. Assume that the company expects sales of each product to decline to 30,000 units next year with no change in unit selling price. Prepare forecasted financial results for next year following the format of the contribution margin income statement as just shown with columns for each of the two products (assume a 32% tax rate). Also, assume that any loss before taxes yields a 32% tax benefit. (Enter losses and tax benefits, if any, as negative values.) HENNA CO. Forecasted Contribution Margin Income Statement Product T Producto Units S Per unit Total $ Per unit Total Total 0 0 0 0 Contribution margin 0 0 Net income (loss) [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 50,000 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 $2,000,000 1,600,000 400,000 125,000 275,000 88,000 $ 187,000 Product O $2,000,000 250,000 1,750,000 1,475,000 275,000 88,000 $ 187,000 3. Assume that the company expects sales of each product to increase to 60,000 units next year with no change in unit selling Prepare forecasted financial results for next year following the format of the contribution margin income statement shown with columns for each of the two products (assume a 32% tax rate). HENNA CO. Forecasted Contribution Margin Income Statement Product T Producto Units S Per unit Total $ Per unit Total Total 0 0 0 Contribution margin 0 0 0 Olo Net income (loss)