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Required information Problem 21-4A (Algo) Break-even analysis, different cost structures, and income calculations LO C2, A1, P2 [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 Problem 21-4A (Algo) Part 3 Contribution margin Income (loss) Carvings $787,500 551, 250 236, 250 111, 250 $ 125,000 . Assume that the company expects sales of each product to increase to 59,000 units next year with no change in unit selling price. repare a contribution margin income statement for the next year (as shown above with columns for each of the two products). ote: Round "per unit" answers to 2 decimal places. Mementos $787,500 Units 78,750 708,750 583,750 $ 125,000 HENNA COMPANY Contribution Margin Income Statement Carvings $ Per unit Total Mementos $ Per unit Total Total

Required information Problem 21-4A (Algo) Break-even analysis, different cost structures, and income calculations LO C2, A1, P2 [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 Problem 21-4A (Algo) Part 3 Contribution margin Income (loss) Carvings $787,500 551, 250 236, 250 111, 250 $ 125,000 . Assume that the company expects sales of each product to increase to 59,000 units next year with no change in unit selling price. repare a contribution margin income statement for the next year (as shown above with columns for each of the two products). ote: Round "per unit" answers to 2 decimal places. Mementos $787,500 Units 78,750 708,750 583,750 $ 125,000 HENNA COMPANY Contribution Margin Income Statement Carvings $ Per unit Total Mementos $ Per unit Total Total

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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! Required information Problem 21-4A (Algo) Break-even analysis, different cost structures, and income calculations LO C2, A1, P2 [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 Problem 21-4A (Algo) Part 3 Contribution margin 3. Assume that the company expects sales of each product to increase to 59,000 units next year with no change in unit selling price. Prepare a contribution margin income stat the next year (as shown. ove with columns for each the two products). Note: Round "per unit" answers to 2 decimal places. Income (loss) Carvings $787,500 551, 250 236, 250 111,250 $ 125,000 Mementos. $ 787,500 78,750 708,750 583,750 $ 125,000 Units HENNA COMPANY Contribution Margin Income Statement Carvings $ Per unit Total Mementos $ Per unit Total Total
Transcribed Image Text:! Required information Problem 21-4A (Algo) Break-even analysis, different cost structures, and income calculations LO C2, A1, P2 [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 Problem 21-4A (Algo) Part 3 Contribution margin 3. Assume that the company expects sales of each product to increase to 59,000 units next year with no change in unit selling price. Prepare a contribution margin income stat the next year (as shown. ove with columns for each the two products). Note: Round "per unit" answers to 2 decimal places. Income (loss) Carvings $787,500 551, 250 236, 250 111,250 $ 125,000 Mementos. $ 787,500 78,750 708,750 583,750 $ 125,000 Units HENNA COMPANY Contribution Margin Income Statement Carvings $ Per unit Total Mementos $ Per unit Total Total
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