M Ch 5 Homework X C Accounting question Cheg K- > O ezom m.tpx Problem 5-27 Sales Mix; Break-Even Analysis; Margin of Safety [LO5-7, LO5-9] Island Novelties, Inc., of Palau makes two products, Hawaiian Fantasy and Tahitian Joy. Present revenue, cost, and sales dala for the two products follow: Selling price per unit Variable expenses per unit Number of units sold annually Hawaiian Tahitian Fantasy Joy $ 20$ 110 $ 9 $ 33 15,000 7,500 Fixed expanses total S660,000 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 Island Novelties, Inc. Contribution Income Statement Hawaiian Fantasy Tahitian Joy Total Amount Amount Amount % 0 % s 0% 0% 10:11 AM 42/19/2017