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Product Flight Sure Dynamic Shot $ 740,000 $ 260,000 64% 788 Total $1,000,000 Sales CM ratio Fixed expenses total $588,000 per month Required: 1. Prepare
Product Flight Sure Dynamic Shot $ 740,000 $ 260,000 64% 788 Total $1,000,000 Sales CM ratio Fixed expenses total $588,000 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 $56,000 a month, by how much would you expect the monthly net operating income to increase? X Answer is not complete. 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 % $ 740,000 100.00 % 162,800 61.00 $ % $ 577,200 39.00 % Sure Shot Amount % $ 260,000 100.00 57,200 78.00 $ 202,800 22.00 Sales Variable expenses Contribution margin Fixed expenses Net operating income % % % Total Company Amount 1,000,000 100.00 220,000 22.00 780,000 78.00 588,000 $ 192,000 % % on %
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