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Henna Co. produces and sells two products, T and O. It manufactures these products in separate...

Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them thr

Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 59,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (30% rate) Net income Product T $ 997, 100 697,970 299, 130 150,130 149,000 44,700 $ 104,300 Product O $ 997,100 99,710 897,390 748,390 149,000 44,700 $ 104,300 Problem 18-5A Part 3 3. Assume that the company expects sales of each product to increase to 73,000 units next year with no change in unit selling price. 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 30% tax rate). (Round "per unit" answers to 2 decimal places.) Total HENNA CO. Forecasted Contribution Margin Income Statement Product T Producto Units $ Per unit Total $ Per unit Total S 0 S 0 0 S 0 0 0 Contribution margin 0 Net income (loss) S 0
0 0
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Requirement 3 Sales variable costs Contribution Margin Fixed costs Income (loss) before taxes Income taxes Net Income / (loss

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