Question

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 51,000 units of each product. Sales and costs for each product follow.

Product T Product O
Sales $ 821,100 $ 821,100
Variable costs 492,660 82,110
Contribution margin 328,440 738,990
Fixed costs 187,440 597,990
Income before taxes 141,000 141,000
Income taxes (32% rate) 42,300 42,300
Net income $ 98,700 $ 98,700

3. Assume that the company expects sales of each product to increase to 65,000 units next year with no change in unit selling

0 0
Add a comment Improve this question Transcribed image text
Answer #1

A B с D E F 1 HENNA CO. 2 Forecasted Contribution Margin Income Statement 3 Units Product T Producto Total 4 $ Per unit $ Tot

A B C D E F G Total =+D5+F5 1 HENNA CO. 2 Forecasted Contribution Margin Income Statement 3 Units Product T Producto 4 $ Per

Add a comment
Know the answer?
Add Answer to:
Henna Co. produces and sells two products, T and O. It manufactures these products in separate...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 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 through different channels. They have no shared costs. This year, the company sold 51,000 units of each product. Sales and costs for each product follow. Product T Product O Sales $ 821,100 $ 821,100 Variable costs 492,660 82,110 Contribution margin 328,440 738,990 Fixed costs 187,440 597,990 Income before taxes 141,000 141,000 Income taxes (32% rate) 42,300 42,300 Net income $...

  • 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 through different channels. They have no shared costs. This year, the company sold 51,000 units of each product. Sales and costs for each product follow. Product T Product O Sales $ 821,100 $ 821,100 Variable costs 492,660 82,110 Contribution margin 328,440 738,990 Fixed costs 187,440 597,990 Income before taxes 141,000 141,000 Income taxes (32% rate) 42,300 42,300 Net income $...

  • 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 through different channels. They have no shared costs. This year, the company sold 42,000 units of each product. Sales and costs for each product follow. Product T Product O Sales $ 747,600 $ 747,600 Variable costs 523,320 149,520 Contribution margin 224,280 598,080 Fixed costs 108,280 482,080 Income before taxes 116,000 116,000 Income taxes (35% rate) 40,600 40,600 Net income $...

  • 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 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...

  • 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 through different channels. They have no shared costs. This year, the company sold 48,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net income Product T $ 825,600 577,920 247,680 113,680 134,000 42,880 $ 91,120 Product O $825,600 165,120 660,480 526,480 134,000 42,880...

  • 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 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, 109 697,970 299, 130 150, 130 149,000 44,700 $ 104,300 Product O $ 997,100 99,710...

  • I need help with my assignment please.. Henna Co. produces and sells two products, T and...

    I need help with my assignment please.. 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 45,000 units of each product. Sales and costs for each product follow. Sales Variable costs Product T $787,500 551,250 Product O $787,500 78,750 Contribution margin Fixed costs 236,250 111,250 708,750 583,750 Income before taxes Income taxes (40% rate) 125,000 50,000...

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

    Required information The following information applies to the questions displayed below.) 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 50,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net income Product T $2,000,000 1,600,000 400,000 125,000 275,000 88,000...

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

    Required information [The following information applies to the questions displayed below.) 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 49,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net income Product T $ 837,900 670,320 167,580 30,580 137,000...

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

    Required information (The following information applies to the questions displayed below.) 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 56,000 units of each product. Sales and costs for each product follow. Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (35% rate) Net income Product T $ 929,600 650, 720 278,880 132,880...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT