some assistance please
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 Shot $ 700,000 $300,000 96 Total $1,000,000 Sales CH ratio 75% Fixed expenses total $587,500 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 $51,000 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 le 0.1234 should be entered as 12.34).) Flight Dynamic Amount % Sure Shot Amount Total Company Amount Fixed expenses total $587,500 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 $51.000 a month, by how much would you expect the monthly net operating income to increa 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 decima should be entered as 12.34).) Flight Dynamic Amount % $ 700,000 100.00 % Sure Shot Amount $ 300,000 100.00% Total Company Amount % 1,000,000 100.00 % - Sales Variable expenses Contribution margin Foed expenses Net operating income $ 700,000 100.00 % $ 300,000 100.00% 1.000.000 100.00 % 1,000,000 Required Required 2 > 2. What is the company's break-even point in dollar sales based on the current sales mix? 3. If sales increase by $51,000 a month, by how much would you expect the monthly net operating income to i Complete this question by entering your answers in the tabs below. Required 1 1 Required 2 Required 3 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 3. If sales increase by $51,000 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 If sales increase by $51,000 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 2 Required 3 Miller Company's contribution format income statement for the most recent month is shown below: Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 185,000 74,000 111,000 47, de $ 64,000 Per Unit $5.00 2.00 $3.00 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 18%? 2. What is the revised net operating income if the selling price decreases by $1.20 per unit and the number of units sold increases by 23%? 3. What is the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $9,000, and the number of units sold decreases by 6%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 14%? 1. Net operating income 2. Net operating income 3 Net operating income 4. Net operating income
