Problem 5-27 Sales Mix; Break-Even Analysis:; Margin of Safety [LO5-7, LO5-9 kes two products-Hawalian Fantasy and Tahitian Joy Each product's selling price, varilable expense per unit and annual sales volume are as follows: 0 s,000 Number of units sold annually 20,000 Fixed expenses total $475,800 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 $36 per unit. If the company can sell 10.,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 safety percentage. its revised margin of safety in dollars and margin of