Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product

Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow:

Product Total
Flight Dynamic Sure Shot
Sales $ 720,000 $ 280,000 $ 1,000,000
CM ratio 68% 76% ?

Fixed expenses total $582,000 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 $48,000 a month, by how much would you expect the monthly net operating income to increase?

Required 1:

image text in transcribed

Required 2 :

image text in transcribed

Required 3 :

image text in transcribed

Please clrearly fill the tables

Flight Dynamic 4 Sure Shot What is the company's break-even point in dollar sales based on the current s calculations. Round your answer to the nearest whole dollar amount.) Complete this question by entering your answer's i If sales increase by $48,000 a month, by how much woul round intermediate calculations. Round your answer to th

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Performance Audit Department Of Highways Preconstruction And Construction Activities

Authors: Montana. Legislature. Office Of The Legi

1st Edition

1175365823, 978-1175365828

More Books

Students also viewed these Accounting questions