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hello!! please help with required 1-3:) thank you! Product Flight Dynamic Sure Shot $ 710,000 $ 290,000 67% 72% Sales CM ratio Total $ 1,000,000
hello!! please help with required 1-3:) thank you!
Product Flight Dynamic Sure Shot $ 710,000 $ 290,000 67% 72% Sales CM ratio Total $ 1,000,000 ? Fixed expenses total $558,500 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 $43,000 a month, by how much would you expect the monthly net operating income to increase? Answer is complete but not entirely correct. 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 (i.e. 0.1234 should be entered as 12.34).) Flight Dynamic Sure Shot Total Company Amount Amount % Amount Sales $ 710,000 100.00 $ 290,000 100.00 1,000,000 100.00 Variable expenses 269,800 38,00 81,200 28.00 351,000 35.00 Contribution margin $ 440,200 62.00 $ 208,800 72.00 649,000 65.00 Fixed expenses 564,500 $ 84,500 Net operating income Step by Step Solution
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