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[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
[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 54,000 units of each product. Income statements for each product follow. Carvings Mementos Sales Variable costs Fixed costs $ 885,600 $ 885,600 531,360 177,120 Contribution margin 354,240 708,480 Income 210,240 $144,000 564,480 $ 144,000 Problem 5-4A (Algo) Part 3 3. Assume that the company expects sales of each product to increase to 68,000 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.) Contribution margin: Income (loss) HENNA COMPANY Contribution Margin Income Statement Carvings. Mementos Units Total $ Per unit Total $ Per unit Total S Nevt
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