Henna Company produces and selis two products, Carvings and Mementos. It manufactures these products in separate...

 

Transcribed Image Text:

Henna Company produces and selis two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channets. They have no shared costs. This year, the company sold 49,000 units of each product, Income statements for each product follow. Carvings $837.900 670, 320 167,500 30,580 137,000 Mementos S837,900 3, 790 154, 110 617,110 Sales Variable conta Contribution nargin Pined eosts Incone 137,000 3. Assume that the company expects sales of each product to increase to 63,000 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 S Per unit Total S Per unit Total Contribution margin Income (loss) Henna Company produces and selis two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channets. They have no shared costs. This year, the company sold 49,000 units of each product, Income statements for each product follow. Carvings $837.900 670, 320 167,500 30,580 137,000 Mementos S837,900 3, 790 154, 110 617,110 Sales Variable conta Contribution nargin Pined eosts Incone 137,000 3. Assume that the company expects sales of each product to increase to 63,000 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 S Per unit Total S Per unit Total Contribution margin Income (loss)

Answer rating: 100% (QA)

Answer Solution HENNA COMPANY Contribution Margin Income Statement Carvi... View the full answer