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b. Compute the break-even point in sales dollars for the company as a whole and the margin of safety in both dollars and percentage of

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b. Compute the break-even point in sales dollars for the company as a whole and the margin of safety in both dollars and percentage of sales. (Do not round your intermediate calculations. Round percentage answer to 2 decimal places.) $ 17.280 Break-even sales dollars Margin of safety in dollars Margin of safety in percentage % c. Compute the break-even point in units for the company as a whole and the margin of safety in both units (pairs of gloves) and percentage of sales. (Round percentage answer to 2 decimal places.) Break-even units Margin of safety in units Margin of safety in percentage % HE Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Warm Selling price per pair Variable expenses per pair Number of pairs sold monthly $ 6.00 $ 1.50 3,000 units Cozy $ 9.00 $ 4.50 1,000 units Fixed expenses are $2,880 per month Required: 1. Assuming the sales mix above, do the following: a. Prepare a contribution format income statement showing both dollars and percentage columns for each product and for the company as a whole. (Round percentage answers to 2 decimal places.) Total WARM HANDS Contribution Income Statement Warm Cozy % $ 18,000 $ 9,000 4,500 4,500 $ 13,500 0.00 $ 4,500 % % Sales Variable expenses Contribution margin 0.00 Fixed expenses 0 0.00 Operating income $ 0

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