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Island Novelties, Inc., of Palau makes two products, Hawaiian Fantasy and Tahitian Joy. Present revenue, cost, and sales data for the two products follow: Hawaiian
Island Novelties, Inc., of Palau makes two products, Hawaiian Fantasy and Tahitian Joy. Present revenue, cost, and sales data for the two products follow: Hawaiian Fantasy Tahitian Joy Selling price per unit $16 $120 Variable expenses per unit $10 $24 Number of units sold annually .. 21600 5800 Fixed expenses total $488000 per year. The Republic of Palau uses the U.S. dollar as its currency (a) Assuming the sales mix given above, prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a whole (using the table which is right below question(c)). NOTE: the CHECK button acts like the SUBMIT button in such tabular problems. (b) The break-even point in dollars for the company as a whole is $ (c) The margin of safety in dollar is $ b) The break-even point in dollars for the ompany as a whole is $ =) The margin of safety in dollar is $ Submit Save Details Hawaiian Hawaiian Tahitian Fantasy($) Fantasy(%) Joy ($) Tahitian Joy (%) Total Total (%) text re: numeric re numeric re numeric numeric num num text re: numeric re numeric re numeric numeric num num text re: numeric re numeric re numeric numeric num num text re: numeric re numeric re numeric numeric num num text re: numeric re numeric re numeric numeric num num
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