Chapter 2 Oraded Homework Graded Homework Saved Help Save Olongapo Sports Corporation distributes two premium golf balls-Flight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product Flight Sure Dynamic Shot $ 720,000 $ 280,000 628 778 Total $1,000,000 7 CN ratio Fixed expenses total $557,000 per month Required: 1. Prepare a contribution format income statement for the company as a whole. 2. What is the company's break-even point in dollar sales based on the current sales mix? 3. If sales increase by $46,000 a month, by how much would you expect the monthly net operating income to increase? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (.e. 0.1234 should be entered as 12.34).) Flight Dynamic Amount % Sure Shot Amount % Total Company Amount % , $ 0 0.00% S 0 0.00% Graded Homework Olongapo Sports Corporation distributes two premium golf balls-Flight Dynamic and Sure Shot. Monthly sales a margin ratios for the two products follow: Product Flight Sure Dynamic Shot $ 720,000 $ 280,000 626 77% Total $1,000,000 Sales CM ratio Fixed expenses total $557,000 per month. Required: 1. Prepare a contribution format income statement for the company as a whole. 2. What is the company's break-even point in dollar sales based on the current sales mix? 3. If sales increase by $46,000 a month, by how much would you expect the monthly net operating income to Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's break-even point in dollar sales based on the current sales mix? (Do not round Intermediat calculations. Round your answer to the nearest whole dollar amount.) Break-even point in sales Prev 8 of 9 Next > apter 2 UdUU FIUMEWUIKU 00 Olongapo Sports Corporation distributes two premium golf balls--Flight Dynamic and Sure Shot. Monthly sales and the contrit margin ratios for the two products follow: Product Flight Sure Dynamic Shot $ 720,000 $280,000 776 Sales CH ratio Total $1,000,000 ? 628 Fixed expenses total $557,000 per month. l .am Required: 1. Prepare a contribution format income statement for the company as a whole. 2. What is the company's break-even point in dollar sales based on the current sales mix? 3. If sales increase by $46,000 a month, by how much would you expect the monthly net operating income to increase? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 nces If sales increase by $46,000 a month, by how much would you expect the monthly net operating income to increase? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Net operating income increases by ( Required 2 Regar
