Please answer each of the following questions for the problem. Please also add the following information

Units Sold:

Sure Shot = 10,000

Flight Dynamic = 20,000

Requirements:

1. Prepare a contribution format income statement for the company as a whole. Be sure to include a total column, unit, and percentage for each product line and the company as a whole.

2. What is the sales mix in units? Sales mix in dollars?

3. Compute the break-even point for the company in both units and dollars. At break-even, how many units of Sure Shot and Flight Dynamic are assumed to be sold? At break-even, how much in dollar sales is assumed to be Sure Shot and Flight Dynamic.

4. If Sales are expected to increase by $100,000 next month, how much do you expect net income to increase by?

5. Assume there is a shift in sales mix such that relatively more units of the Flight Dynamic will be sold. Will the weighted average CM ratio CM per unit increase or decrease? Will Break-even increase or decrease? Will Margin of Safety increase or decrease?

EXERCISE 5-12 Multiproduct Break-Even Analysis LO5- 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 Dynamic Sure Shot Total $150,000 80% $250,000 $400,000 Sales CM ratio 36% Fixed expenses total $183,750 per month. page 230 Required: 1. Prepare a contribution format income statement for the company as a whole. Carry computations to one decimal place. 2. What is the company's break-even point in dollar sales based on the current sales mix? 3. If sales increase by $100,000 a month, by how much would you expect the monthly net operating income to increase? What are your assumptions