[The following Information applies to the questions displayed below.] Henna Company produces and sells two products,...

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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 factories and markets them through different channels. They have no shared costs. This year, the company sold 45,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Carvings $ 787,500 Mementos $ 787,500 78,750 551,250 236,250 111,250 $ 125,000 708,750 583,750 $ 125,000 [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 45,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Carvings $ 787,500 Mementos $ 787,500 78,750 551,250 236,250 111,250 $ 125,000 708,750 583,750 $ 125,000