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Product Flight Sure Dynamic Sales $ 690,000 Shot $310,000 Total $1,000,000 CM ratio 65% 738 Fixed expenses total $560,500 per month. Required: 1. Prepare
Product Flight Sure Dynamic Sales $ 690,000 Shot $310,000 Total $1,000,000 CM ratio 65% 738 Fixed expenses total $560,500 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 $49,000 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 should be entered as 12.34).) Amount Total Company Amount Flight Dynamic % Sales $ 690,000 100.00% Amount $310,000 Sure Shot % %6 Variable expenses Contribution margin Fixed expenses % 83,700 $ 690,000 100.00 % $ 226,300 100.00% 27.00 % 73.00 % 1,000,000 100.00% 83,700 % 916,300 100.00 %
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