Required information [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 47,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Contribution margin 3. Assume that the company expects sales of each product to increase to 61,000 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.). Income (loss) Carvings $ 813,100 487,860 325,240 194,240 $ 131,000 $ 131,000 Mementos $ 813,100 81,310 731,790 600,790 HENNA COMPANY Contribution Margin Income Statement Carvings Units $ Per unit $ $ Total 0 0 0 Mementos $ Per unit $ $ Total 0 0 0 $ $ Total 0 0 0 0
Required information [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 47,000 units of each product. Income statements for each product follow. Sales Variable costs Contribution margin Fixed costs Income Contribution margin 3. Assume that the company expects sales of each product to increase to 61,000 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.). Income (loss) Carvings $ 813,100 487,860 325,240 194,240 $ 131,000 $ 131,000 Mementos $ 813,100 81,310 731,790 600,790 HENNA COMPANY Contribution Margin Income Statement Carvings Units $ Per unit $ $ Total 0 0 0 Mementos $ Per unit $ $ Total 0 0 0 $ $ Total 0 0 0 0
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 10CE: A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each...
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