5 2. The company has developed another type of gloves that provide better protection in extreme cold, Toasty, which the company plans to sell for $15.50 per pair. At this price, the company expects to sell 300 pairs per month of the product. The variable expense would be $12.40 per pair. The company's fixed expenses would not change. a. Prepare another contribution format income statement, including sales of Toasty (sales of the other two products would not change). (Round percentage answers to 2 decimal places.) 15 points WARM HANDS Contribution Income Statement Warm Cozy % % Toasty Total eBook % % $ 0 0 $ 0 0.00 $ 0 0.00 $ 0 0.00 $ 0 b. Compute the company's new break-even point in sales dollars for the company as a whole and the new margin of safety in both dollars and percentage of sales. (Round your break-even sales to the nearest whole dollar amount and percentage answer to 2 decimal places.) Break-even sales dollars Margin of safety in dollars Margin of safety in percentage % 5 2. The company has developed another type of gloves that provide better protection in extreme cold, Toasty, which the company plans to sell for $15.50 per pair. At this price, the company expects to sell 300 pairs per month of the product. The variable expense would be $12.40 per pair. The company's fixed expenses would not change. a. Prepare another contribution format income statement, including sales of Toasty (sales of the other two products would not change). (Round percentage answers to 2 decimal places.) 15 points WARM HANDS Contribution Income Statement Warm Cozy % % Toasty Total eBook % % $ 0 0 $ 0 0.00 $ 0 0.00 $ 0 0.00 $ 0 b. Compute the company's new break-even point in sales dollars for the company as a whole and the new margin of safety in both dollars and percentage of sales. (Round your break-even sales to the nearest whole dollar amount and percentage answer to 2 decimal places.) Break-even sales dollars Margin of safety in dollars Margin of safety in percentage %