expendent and make follow an H. Fixed expenses total $417000 per year. Required: 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 produd and to the com as a whole. b. Compute the company's break even point in dollar sales. Also, compute its margin of safety in dollars and its marino percentage. 2. The company has developed a new product called Samoan Delight that sells for $45 each and that has variable expenses 1527 per unit. If the company can sell 12.000 units of Samoan Delight without incurring any additional food 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 safely in dollars and many of safety percentage. Complete this question by entering your answers in the tabs below. Req IA Reg 1B Reg 2A Req 2B Island Novelties. Incorporated, of Palau makes two products - Hawatan Fantasy and Tahitian Joy. Each product's selling price variable expense per unit and annual sales volume are as follows: 12 $ 120 Variable expense per unit Nhor of its sold annually 59 36.000 Fixed expenses total $137.000 per year. Required: 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 $27 per 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. Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2A Reg 28