Question: Please answer this question as possible This is a challenging question and will only be tested in the form of homework. We will not require

Please answer this question as possible

Please answer this question as possible This is a challenging question and will only be tested in the form of homework. We will not

This is a challenging question and will only be tested in the form of homework. We will not require a detailed question like this on your midterm. Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runnersWarm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Fixed expenses are $2,250 per month. Required: 1. Assuming the sales mix above, do the following: a. 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.) b. Compute the company's new break-even point in sales dollars for the company as a whole and the new margin of safety in both dollars and percentage of sales. (Round your break-even sales to the nearest whole dollar amount and percentage answer to 1 decimal place.)

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