Problem 4-25 Sales Mix; Multi-Product Break-Even Analysis; Target Profit; Margin of Safety (LO6, LO7 LO9] Warm Hands, a small company based in Prince Edward Island, manufactures and se two types of lightweight gloves for runners Warm and Cozy Current revenue, cost, and unit sales data for the two products appear below Coty Selling price per pair $12.09 Variable expenses per pair $2.00 16.00 Number of pairs sold monthly 600 units 200 units Foxed expenses are $2.250 per month Required: 1. Assuming the sales mix above, do the following .. 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 Start Warm Ceny 4 4,800 100005 2.950 1,200 1,200 $ 3.600 75.00 5 1,200 46 100.00 50.00 3000 100.00 33.33 Sales Frille expenses Contribution margin Ford expenses Operating income 7,200 2.400 4300 2,250 2,550 $ b. Compute the break even point in dollars for the company as a whole and the margin of safety in both dollers and percentage of sales. (Do not round your intermediate calculations, Round percentage answer to 1 decimal place) 5 Brskale dollars Meg of safety in dollar 5 3.214 3.955 534