S ! Required information Problem 5-4A (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 52,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Problem 5-4A (Algo) Part 3 Contribution margin Income (loss) Carvings $ 842,400 673,920 168,480 26,480 $ 142,000 Mementos $842,400 3. Assume that the company expects sales of each product to increase to 66,000 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). Note: Round "per unit" answers to 2 decimal places. Units 168,480 673,920 531,920 $ 142,000 HENNA COMPANY Contribution Margin Income Statement. Carvings $ Per unit $ $ Total 0 0 0 Mementos $ Per unit $ $ Saved Total 0 $ 0 0 $ Total 0 0 0

S ! Required information Problem 5-4A (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 52,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Problem 5-4A (Algo) Part 3 Contribution margin Income (loss) Carvings $ 842,400 673,920 168,480 26,480 $ 142,000 Mementos $842,400 3. Assume that the company expects sales of each product to increase to 66,000 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). Note: Round "per unit" answers to 2 decimal places. Units 168,480 673,920 531,920 $ 142,000 HENNA COMPANY Contribution Margin Income Statement. Carvings $ Per unit $ $ Total 0 0 0 Mementos $ Per unit $ $ Saved Total 0 $ 0 0 $ Total 0 0 0

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 [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 Carvings $ 787,500 551,250 236,250 111,250 Mementos $ 787,500 78,750 708,750 583,750 $ 125,000 $ 125,000 2. Assume that the company expects sales of each product to decline to 28,000 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 Units Total $ Per unit Total $ Per unit Total Sales 28,000 $ 0 $ 0…
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Choose the product that will have the largest loss if sales greatly decrease. Letter Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 50,000 units of each product. Sales and costs for each product follow.
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