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What would be the income taxes (tax benefit) for product O? 35% tax rate HENNA CO. Forecasted Contribution Margin Income Statement Product T Product O
What would be the income taxes (tax benefit) for product O? 35% tax rate
HENNA CO. Forecasted Contribution Margin Income Statement Product T Product O Units $ Per unit Total $ Per unit Total Total Sales 56,000 $ 17.80 $ $ 17.80 $ 996,800 $ 1,993,600 996,800 697,760 Nariable cost 12.46 3.56 56,000 $ 56,000 $ 199,360 797,440 5.34 299,040 $ 14.24 Contribution margin Fixed costs 897,120 1,096,480 590,360 506,120 482,080 Income before taxes 108,280 190,760 66,766 315,360 Income taxes (tax benefit) Net income (loss) $ 123,994Step by Step Solution
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