AssignmentAttachment_99F37CB92 This account does not allow editing on your device. For an account with full access, contact your organization about your subscription plan IV-7.....Iage Sign in Critical Thinking Question Q2- Island Novelties, Inc., of Palau makes two products, Hawaiian Fantasy and Tahitian Joy. Present revenue, cost, and sales data on the two products follow: Hawaiian Fantasy Tahitian Joy Selling price per unit $15 $100 Variable expenses per unit 9 Number of units sold annually 20,000 5,000 Fixed expenses total $475,800 per year. The Republic of Palau uses the U.S. dollar as its currency 20 Sign in This account does not allow editing on your device. For an account with full access, contact your organization about your subscription plan Selling price per unit $15 $100 Variable expenses per unit 9 20 Number of units sold annually 20,000 5,000 Fixed expenses total $475,800 per year. The Republic of Palau uses the U.S. dollar as its currency. Required 1. Assuming the sales mix given above, do the following: a. Prepare a contribution income statement showing both dollar and percent columns for each product and for the company. b. Compute the break-even point in dollars for the company as a whole and the margin of safety in both dollars and percent