[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 Contribution Margin Ratio Numerator: Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.) Break-Even Point in Dollars Numerator: Contribution Margin Ratio Break-Even Point in Dollars Carvings $ 774,400 464,640 309,760 187,760 Mementos $ 774,400 154,880 619,520 497,520 $ 122,000 $ 122,000 I PRODUCT CARVINGS Denominator: Denominator: PRODUCT MEMENTOS Contribution margin ratio Break-even point in dollars Contribution margin ratio Break-even point in dollars
[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 Contribution Margin Ratio Numerator: Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.) Break-Even Point in Dollars Numerator: Contribution Margin Ratio Break-Even Point in Dollars Carvings $ 774,400 464,640 309,760 187,760 Mementos $ 774,400 154,880 619,520 497,520 $ 122,000 $ 122,000 I PRODUCT CARVINGS Denominator: Denominator: PRODUCT MEMENTOS Contribution margin ratio Break-even point in dollars Contribution margin ratio Break-even point in dollars
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting
![[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
Contribution Margin Ratio
Numerator:
Required:
1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.)
Break-Even Point in Dollars
Numerator:
Contribution Margin Ratio
Break-Even Point in Dollars
Carvings
$ 774,400
464,640
309,760
187,760
Mementos
$ 774,400
154,880
619,520
497,520
$ 122,000 $ 122,000
I
PRODUCT CARVINGS
Denominator:
Denominator:
PRODUCT MEMENTOS
Contribution margin ratio
Break-even point in dollars
Contribution margin ratio
Break-even point in dollars](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F472621be-5969-4a54-b52e-f83201e6e65c%2Ffccbee15-c878-42e8-84bf-dd6b7d5ef899%2Fyg4v1ma_processed.png&w=3840&q=75)
Transcribed Image Text:[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
Contribution Margin Ratio
Numerator:
Required:
1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.)
Break-Even Point in Dollars
Numerator:
Contribution Margin Ratio
Break-Even Point in Dollars
Carvings
$ 774,400
464,640
309,760
187,760
Mementos
$ 774,400
154,880
619,520
497,520
$ 122,000 $ 122,000
I
PRODUCT CARVINGS
Denominator:
Denominator:
PRODUCT MEMENTOS
Contribution margin ratio
Break-even point in dollars
Contribution margin ratio
Break-even point in dollars
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