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1 . Assuming the sales mix given above, do the following:a . Prepare a contribution format income statement showing both dollar and percent columns for

1. Assuming the sales mix given above, do the following:a. Prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a whole.b. Compute the company's break-even point in dollar sales. Also, compute its margin of safety in dollars and its margin of safety percentage.2. The company has developed a new product called Samoan Delight that sells for $45 each and that has variable expenses of $27per unit. If the company can sell 12,000 units of Samoan Delight without incurring any additional fixed expenses:a. Prepare a revised contribution format income statement that includes Samoan Delight. Assume that sales of the other two products does not change.b. Compute the company's revised break-even point in dollar sales. Also, compute its revised margin of safety in dollars and margin of safety percentage.
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