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 48,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Contribution Margin Ratio Numerator: Contribution margin Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.) S 247,680 Break-Even Point in Dollars Numerator: Contribution margin S 680, 480 Contribution Margin Ratio Contribution margin $ s Break-Even Point in Dollars Contribution margin F 113,680 / 526,480 F Carvings $ 825,600 577,920 247,680 660,480 113,680 526,480 $ 134,000 $ 134,000 Answer is complete but not entirely correct. PRODUCT CARVINGS Mementos $ 825,600 165,120 Denominator: Sales S Sales Denominator: Sales S 825,600 1 Sales 1 30.00% PRODUCT MEMENTOS 825,600 >> 13.77% || II II S S Contribution margin ratio 30.00% Break-even point in dollars 2,201,600 Contribution margin ratio 13.77% Break-even point in dollars 3.823,384 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 48,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin. Fixed costs Income Contribution margin 2. Assume that the company expects sales of each product to decline to 31,000 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.) Income (loss) Carvings $ 825,600 577,920 247,688 113,680 $ 134,000 Units Mementos $ 825,600 165,120 660,480 526,480 $ 134,000 HENNA COMPANY Contribution Margin Income Statement Carvings $ Per unit Total Mementos $ Per unit Total Total 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 48,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin. Fixed costs Income Contribution margin 3. Assume that the company expects sales of each product to increase to 62,000 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.) Income (loss) Carvings $ 825,600 577,920 247,688 113,680 $ 134,000 Mementos $ 825,600 165, 120 660,480 526,480 $ 134,000 Units HENNA COMPANY Contribution Margin Income Statement Carvings $ Per unit Total Mementos $ Per unit Total Total