[The following information applies to the questions displayed below., Henna Co. produces and sells two...
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[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 55,000 units of each product. Sales and costs for each product follow Product T Product O $907,500 $907,500 90,750 Sales Variable costs 726,000 Contribution margin Fixed costs 181,500 36,500 816,750 671,750 Income before taxes Income taxes (30% rate) 145,000 43,500 145,000 43,500 Net income $ 101,500 101,500
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