Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in...
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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 44,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Carvings $ 774,400 464,640 309,760 187, 760 $ 122,000 Mementos $ 774,400 154,880 619,520 497,520 $ 122,000 2. Assume that the company expects sales of each product to decline to 27000 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 $ Per unit Total $ Per unit Total Total Contribution margin Income (loss)
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