Please help me to solve this problem 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 separatefactories and markets them through different channels. They have no shared costs. This year, the company sold 55,000units of each product. Income statements for each product follow.SalesVariable costsContribution marginFixed costsIncomeContribution Margin RatioNumerator:Break-Even Point in DollarsNumerator:Required:1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.)Contribution Margin RatioBreak-Even Point in DollarsICarvings$ 907,500726,000181,50036,500$ 145,000 $ 145,000īMementos$ 907,50090,750Denominator:816,750671,750PRODUCT CARVINGSDenominator:PRODUCT MEMENTOS==Contribution margin ratioBreak-even point in dollarsContribution margin ratioBreak-even point in dollars 2. Assume that the company expects sales of each product to decline to 38,000 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.)Contribution marginIncome (loss)Contribution marginHENNA COMPANYContribution Margin Income StatementCarvingsIncome (loss)Units$ Per unitUnitsTotal3. Assume that the company expects sales of each product to increase to 69,000 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 COMPANYContribution Margin Income StatementCarvings$ Per unitMementos$ Per unitTotalTotalMementos$ Per unitTotalTotalTotal

Lets understand the basics. Break even point is a point at which no profit no loss condition arise.…

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 55,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Carvings $ 907,500 726,000 181,500 36,500 $ 145,000 Mementos $ 907,500 90,750 816,750 671,750 $ 145,000

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 55,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Carvings $ 907,500 726,000 181,500 36,500 $ 145,000 Mementos $ 907,500 90,750 816,750 671,750 $ 145,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 12E: Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the...

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Question

Please help me to solve this problem

2. Assume that the company expects sales of each product to decline to 38,000 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.)
Contribution margin
Income (loss)
Contribution margin
HENNA COMPANY
Contribution Margin Income Statement
Carvings
Income (loss)
Units
$ Per unit
Units
Total
3. Assume that the company expects sales of each product to increase to 69,000 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
$ Per unit
Mementos
$ Per unit
Total
Total
Mementos
$ Per unit
Total
Total
Total

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Subject: acounting
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 53,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income 3. Assume that the company expects sales of each product to increase to 67,000 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.) Sales Variable cost Contribution margin Fixed costs Income (loss) Mementos $ 863,900 Carvings $ 863,900 604,730 259, 170 116,170 86,390 777,510 634,510 $ 143,000 $ 143,000 HENNA COMPANY Contribution Margin Income Statement Carvings Units 67,000…
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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 58,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Contribution margin 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.) Income (loss) Carvings $ 974,400 779,520 194,880 46,880 $ 148,000 Mementos $ 974,400 194,880 779,520 631,520 $ 148,000 Units HENNA COMPANY Contribution Margin Income Statement Carvings $ Per unit $ Total 0 0 Mementos $ Per unit…
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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 42,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Problem 18-4A (Algo) Part 1 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratlo as percentage rounded to 2 decimal places.) Contribution Margin Ratio Numerator: Break-Even Point in Dollars Numerator: Contribution Margin Ratio Break-Even Point in Dollars 1 1 1 1 Carvings $ 747,600 523,320 224,280 Mementos $ 747,600 149,520 598,080 108,280 482,080 $ 116,000 $ 116,000 1 PRODUCT CARVINGS Denominator: Denominator: PRODUCT MEMENTOS = IL 11 Contribution margin ratio Break-even point in dollars Contribution margin ratio Break-even point…
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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 44,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income 3. Assume that the company expects sales of each product to increase to 58,000 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.) Contribution margin Income (loss) Carvings $ 774,400 464, 640 309,760 Mementos $ 774,400 154,880 619,520 187,760 497,520 $ 122,000 $ 122,000 HENNA COMPANY Contribution Margin Income Statement Carvings Units $ Per unit Total Mementos $ Per unit Total Total
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