1 answer

Required information The following information applies to the questions displayed below] Henna Co produces and sells...

Question:

Required information The following information applies to the questions displayed below] Henna Co produces and sells two products, T and 0. them through different channels. They have no shared costs. This year, the company It manufactures these products in separate factories and markets sold 56.000 units of each product Sales and costs for each product follow Product o Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net incone 650,720 278,880 132,880 146,000 51,100 743,688 597,680 146,000 1,100 03 5 94,900 94,900 3. Assume that the company expects sales of each product to increase to 70,000 units next year with no change in columns for each of the two products (assume a 35% tax rate) (Round-per unite answers to 2 decimal pieces) unit seling price t of the contribution margin income statement shown < Prey 24 of 24
3. Assume that the company expects sales of each product to increase to 70,000 units next year with no change in unit selling pr Prepare forecasted financial results for next year following the format of the contribution margin income statement shown with columns for each of the two products (assume a 35% tax rate) (Round per unit answers to 2 decimal places.) HENNA Co. searc
Required information The following information applies to the questions displayed below] Henna Co produces and sells two products, T and 0. them through different channels. They have no shared costs. This year, the company It manufactures these products in separate factories and markets sold 56.000 units of each product Sales and costs for each product follow Product o Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net incone 650,720 278,880 132,880 146,000 51,100 743,688 597,680 146,000 1,100 03 5 94,900 94,900 3. Assume that the company expects sales of each product to increase to 70,000 units next year with no change in columns for each of the two products (assume a 35% tax rate) (Round-per unite answers to 2 decimal pieces) unit seling price t of the contribution margin income statement shown < Prey 24 of 24
3. Assume that the company expects sales of each product to increase to 70,000 units next year with no change in unit selling pr Prepare forecasted financial results for next year following the format of the contribution margin income statement shown with columns for each of the two products (assume a 35% tax rate) (Round "per unit" answers to 2 decimal places.) HENNA Co. searc

Answers

Per unit price of Product T & Product O $9,29,600/56,000 $16.60 per unit Per Unit Variable cost of Product T $6,50,720/56,000 $11.62 & of Product O $185,920/56,000 $3.32 HENNA CO Forecasted Contribution Margin Income Statement PRODUCTT PRODUCT O Total Units $Per UnitTota l Š Per UnitTota Sales Variable Costs Contribution Margin Fixed Costs Income before taxes Income Tax (35% rate) Net Income 70,000$ 16.60 $1,162,000.00 16.60 $1,162,000.00 $2,324,000.00 70,000$ 11.62 $ 813,400.00 3.32 232,400.00 $1,045,800.00 $ 4.98 348,600.00$ 13.28$ 929,600.00 $1,278,200.00 $ 597,680.00 $ 730,560.00 S 331,920.00 547,640.00 $ 116,172.00$ 191,674.00 215,748.00 355,966.00 $ 132,880.00 $ 215,720.00 $ 75,502.00 $ 140,218.00

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