Question: I need help with the chart for both products please. Product carvings contribution margin ratio and break even point in dollars. And product mementos contribution

I need help with the chart for both products please. Product carvings contribution margin ratio and break even point in dollars. And product mementos contribution margin ratio and break even point in dollars.

I need help with the chart for both products please. Product carvings

LO Required information The following information applies to the questions displayed below] rt 1 of 3 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 57,000 units of each product. Income statements for each product follow. Carvings Mementos Sales Print $ 951, 900 $ 951, 900 Variable costs 571, 140 95 , 190 Contribution margin 380, 760 856, 710 Fixed costs 233, 760 709,710 Income $ 147 , 000 $ 147,000 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal placesh PRODUCT CARVINGS Contribution Margin Ratio Numerator: Denominator: Contribution margin ratio

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!