Need help with "Sure Shot" column.
Exercise 6-12 Multiproduct Break-Even Analysis (LO6-9) 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 Sure Dynamic Shot $ 690,000 $ 310,000 68% 784 Sales CM ratio Total $ 1,000,000 2 Fixed expenses total $599,000 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 dolor sales based on the current sales mix? 3. If sales increase by $55,000 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 Return to ques 1. Piepare 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 $55,000 a month, by how much would you expect the monthly net operating income to increase? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) Prepare a contribution format Income statement for the company as a whole. (Round your percentage onwers to 2 decimal places (..0,1234 should be entered as 12.34).) Flight Dynamic Sure Shot Total Company Amount % Amount % Amount Sales $ 600,000 100,00 % $ 310,000 100.00% 1,000,000 % Variable expenses 220.000 32.00% 241,600 78.00 % 462,600 Contribution margin $ 489,200 68.00 % 568,200 22.00 % 637.400 0.00 Fixed expenses 509,000 Net operating income 5(01.600) OOOO Required 2 >