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Island Novelties, Inc., of Palau makes two products. Hawalian Fantasy and Tahitian Joy Present revenue, cost, and sales data for the two products follow: Fixed

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Island Novelties, Inc., of Palau makes two products. Hawalian Fantasy and Tahitian Joy Present revenue, cost, and sales data for the two products follow: Fixed expenses total $325,000 per year. Required: Assuming the sales mix given above, do the following: Prepare a contribution format income statement showing both dolor and percent columns for each product and for the company as a whole

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