Question: A1. A2. B1. B2. please answer A1, A2, B1, and B2 completely. Island Novelties, Inc., of Palau makes two products-Hawalian Fantasy and Tahitian Joy. Each

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please answer A1, A2, B1, and B2 completely.
Island Novelties, Inc., of Palau makes two products-Hawalian Fantasy and Tahitian Joy. Each product's selling price, variable expense per unit and annual sales volume are as follows: Tahitian Joy Selling price per unit Variable expense per unit Number of units sold annually Hawaiian Fantasy $ 24 $ 12 25,000 $ $ 100 30 6,000 Fixed expenses total $654,000 per year. Required: Assuming the sales mix given in the question information, do the following: 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 Amount % Amount % Total Amount % % % % % % % % % % Assuming the sales mix given in the question information, do the following: Compute the company's break-even point in dollar sales. Also, compute its margin of safety in dollars and its margin of safety percentage. (Do not round your intermediate calculations. Round your "Margin of safety percentage final answer to 1 decimal place (i.e 0.1234 should be entered as 12.3). Round your other final answers to the nearest whole dollar) Break-even point in dollar sales Margin of safety in dollars Margin of safety percentage The company has developed a new product called Samoan Delight that sells for $60 each and that has variable expenses of $39 per unit. If Samoan Delight without incurring any additional fixed expenses: Prepare a revised contribution format income statement that includes Sam other two products does not change. (Round your "Percentage" answers to 1 decimal place (i.e 0.1234 should be entered as 12.3).) Island Novelties, Inc., Contribution Income Statement Hawaiian Fantasy Tahitian Joy Amount % Amount % Total Samoan Delight Amount % Amount % % % % % % % % % % % % % eveloped a new product called Samoan Delight that sells for $60 each and that has variable expenses of $39 per unit. If the company can sell 20,000 units of hout incurring any additional fixed expenses: Prepare a revised contribution format income statement that includes Samoan Delight. Assume that sales of the does not change. (Round your "Percentage" answers to 1 decimal place (1.e 0.1234 should be entered as 12.3).) Show less Island Novelties, Inc., Contribution Income Statement Hawaiian Fantasy Tahitian Joy Amount % Amount % Total Samoan Delight Amount % Amount % % % % % % % % % % % % % The company has developed a new product called Samoan Delight that sells for $60 each and that has variable expenses of $39 per unit. If the company can sell 20,000 units of Samoan Delight without incurring any additional fixed expenses: Compute the company's revised break-even point in dollar sales. Also, compute its revised margin of safety in dollars and margin of safety percentage. (Do not round your intermediate calculations. Round your "Margin of safety percentage" final answer to 1 decimal place (i.e 0.1234 should be entered as 12.3). Round your other final answers to the nearest whole dollar.) Show less Break-even point in dollar sales Margin of safety in dollars Margin of safety percentage %
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