Saved 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: Product Flight Dynamic $ 720,000 Sure Shot Total $1,000,000 $ 280,000 Sales C ratio 618 78t 2 Fixed expenses total $583,000 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 $52,000 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).) Total Company Flight Dynamic Sure Shot % Amount % Amount % Amount Sales % % % Variable expenses % % % Contribution margin 0.00 % S 0.00 % 0.00% 0 Fixed expenses Net operating income $ 0 Required 27 ul Qui Saved 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: Product Plight Sure Dynanic $ 720,000 Shot 280,000 Total Sales $1,000,000 C ratio 618 78t Fixed expenses total $583,000 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 $52,000 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 3 Required 1 Required 2 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.) Break-even point in sales Required 3 Required 1 Quiz Saved 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: Product Flight Dynamic $ 720,000 Sure Shot $280,000 78 Total Sales $1,000,000 CH ratio 618 Fixed expenses total $583,000 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 $52,000 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 2 Required 3 Required 1 If sales increase by $52,000 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.) Net operating income increases by Required Required 2
