3 Part 3 of 3 14.28 points Required information [The following information applies to the questions displayed below.] He

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3 Part 3 Of 3 14 28 Points Required Information The Following Information Applies To The Questions Displayed Below He 1 (39.23 KiB) Viewed 39 times

3 Part 3 of 3 14.28 points 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 43,000 units of each product. Income statements for each product follow. Mementos Sales $ 761,100 Variable costs Carvings $ 761,100 688,888 152,220 33,220 Contribution margin Fixed costs 76,110 684,990 565,990 Income $ 119,000 $ 119,000 3. Assume that the company expects sales of each product to Increase to 57,000 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 Sales $ Variable cost Contribution margin Fixed costs Income (loss) Units 57,000 57,000 57,000 0 0 0 $ Per unit S S Total 0 $ 0 0 $ 0 0 0 0