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Please help me with these 3 questions, thx!! Olongapo Sports Corporation distributes two premium golf balls-Flight Dynamic and Sure Shot. Monthly sales and the contribution
Please help me with these 3 questions, thx!!
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: Fixed expenses total $582,500 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 $44,000 a month, by how much would you expect the monthly net operating income to increase? Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (i.e. 0. should be entered as 12.34).) 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.) If sales increase by $44,000 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.)Step by Step Solution
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