factories and markets them through amerent channels. They have no shared costs. This year, the company soi units of each product. Income statements for each product follow. Mementos $974,400 Sales Carvings $ 974,400 779,520 194,880 Variable costs 194,880 Contribution margin 779,520 46,880 631,520 Fixed costs Income $ 148,000. $ 148,000 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.) PRODUCT CARVINGS Contribution Margin Ratio Numerator: Denominator: Contribution margin ratio Break-Even Point in Dollars Numerator: Denominator: Break-even point in dollars PRODUCT MEMENTOS Contribution Margin Ratio Contribution margin ratio Break-Even Point in Dollars Break-even point in dollars 0 2. Assume that the company expects sales of each product to decline to 41,000 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.) HENNA COMPANY Contribution Margin Income Statement Carvings Mementos Total $ Per unit Total Contribution margin Income (loss) Units $ Per unit Total 3. Assume that the company expects sales of each product to increase to 72,000 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.) HENNA COMPANY Contribution Margin Income Statement Mementos Carvings Total $ Per unit Total Contribution margin Income (loss) Units $ Per unit Total