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

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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 Sales Variable cost Contribution margin Fixed costs Income (loss) Carvings $ 842,400 673,920 168,480 26,480 $ 142,000 2. Assume that the company expects sales of each product to decline to 35,000 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.) Units Mementos $ 842,400 168, 480 673,920 531,920 $ 142,000 HENNA COMPANY Contribution Margin Income Statement Carvings 35,000 35,000 35,000 $ Per unit S Total 0 Mementos $ Per unit S S Total 0 $ 0 0 $ Total 0 0 0 0 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). (Round "per unit" answers to 2 decimal places.) Sales Variable cost Contribution margin Fixed costs Income (loss) Units HENNA COMPANY Contribution Margin Income Statement Carvings $ Per unit $ $ Total 0 0 0 Mementos $ Per unit $ $ Total 0 0 0 $ S Total 0 0 0 0 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 Sales Variable cost Contribution margin Fixed costs Income (loss) Carvings $ 842,400 673,920 168,480 26,480 $ 142,000 2. Assume that the company expects sales of each product to decline to 35,000 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.) Units Mementos $ 842,400 168, 480 673,920 531,920 $ 142,000 HENNA COMPANY Contribution Margin Income Statement Carvings 35,000 35,000 35,000 $ Per unit S Total 0 Mementos $ Per unit S S Total 0 $ 0 0 $ Total 0 0 0 0 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). (Round "per unit" answers to 2 decimal places.) Sales Variable cost Contribution margin Fixed costs Income (loss) Units HENNA COMPANY Contribution Margin Income Statement Carvings $ Per unit $ $ Total 0 0 0 Mementos $ Per unit $ $ Total 0 0 0 $ S Total 0 0 0 0