Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sales CH ratio Flight Dynamic Product Sure Shot Total $1,000,000 641 781 $710,000 $ 290,000 Fixed expenses total $578,000 per month. Required: 1. Prepare
Sales CH ratio Flight Dynamic Product Sure Shot Total $1,000,000 641 781 $710,000 $ 290,000 Fixed expenses total $578,000 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 $41,000 a month, by how much would you expect the monthly net operating income to increase? Answer is complete but not entirely correct. 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 (.e. 0.1234 should be entered as 12.34).) Total Company Sales Variable expenses Contribution margin Flight Dynamic Amount $710,000 71.00 255,600 Sure Shot % Amount Amount $290,000 29.00 1,000,000 100.00 25.56 63,800 6.38 O 319,400 31.94 $ 454,400 45.44 $226,200 22.62 680,600 68.06 Fixed expenses Net operating income 578,000 $ 102,600 (
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started