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Product Flight Sure Dynamic Shot $ 670,000 $ 330,000 70% 75% Sales CM ratio Total $ 1,000,000 ? Fixed expenses total $579,000 per month. Required:
Product Flight Sure Dynamic Shot $ 670,000 $ 330,000 70% 75% Sales CM ratio Total $ 1,000,000 ? Fixed expenses total $579,000 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 $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 (i.e. 0.1234 should be entered as 12.34).) Flight Dynamic Amount % Sure Shot Amount % $ 330,000 Total Company Amount % 1,000,000 Sales $ 670,000 100.00 % % % % % 0 % $ 670,000 100.00 % $ 330,000 0.00 % 1,000,000 0.00 % Variable expenses Contribution margin Fixed expenses Net operating income $ 1,000,000 Required 1 Required 2 >
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