Check my work Exercise 5-12 (Algo) Multiproduct Break-Even Analysis (LO5-9) 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 $ 670,000 $ 330,000 Total Dynamic Sure Shot Sales CM ratio $1,000,000 69% 75% Fixed expenses total $557,500 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 $58,000 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 Required 2 Required 3 Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (1.0.1234 should be entered as 12.34).) Flight Dynamic Sure Shot Total Company Fixed expenses total $557,500 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 $58,000 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 (1.0.0.1234 should be entered as 12.34)) Flight Dynamic Sure Shot Total Company Amount 1 Amount Amount Sales $ 670,000 100.00 $ 330,000 100.00 $ 1.000.000 100.00 Variable expenses 207,700 31.00 92.400 28.00 300,100 30 01 Contribution margin $ 482 300 69.00 $ 237.000 7200 699.000 69.99 Fixed expenses 576.000 $ Net operating income 123,900 Required Required 2 > Check my work Fixed expenses total $557,500 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 $58,000 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 What is the company's break-even point in dollar sales based on the current sales mix? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales 822,975 Check my work Exercise 5-12 (Algo) Multiproduct Break-Even Analysis (LO5-9) Olongapo Sports Corporation distributes two premium golf balts--Flight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Total Product Flight Dynamic Sure Shot $ 670,000 $ 330,000 69% 75% Sales CM ratio $ 1,000,000 Fixed expenses total $557,500 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 $58,000 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 If sales increase by $58,000 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.) Not operating income increases by $ 38,495
