Sure Shot Total Flight Dynamic $ 150,000 80% Sales CM Ratio $ 250,000 36% $ 400,000 ? Fixed expenses total $183,750 per month. Required: 1. Prepare a contribution format income statement for the company as a whole. Carry computations to one decimal place. 2. Compute the break-even point for the company based on the current sales mix. 3. If sales increase by $100,000 a month, by how much would you expect net operating income to increase? What are your assumptions? Break-even Chart $ (1) (vi) (iii) (iv) (v) Units (a) Required: Describe the name of the above break-even chart marked (i) to (vi). (6 marks) (b) The recent year's trading of Cost Ltd produced a profit of $300,000: fixed costs were $100,000, and the contribution/sales ratio was 40%. Required: (1) What was Cost Ltd's turnover for the year? (4 marks) (ii) What was the break-even sales level for the year! (2 marks) (iii) ir Cost Ltd's fixed costs increased by 30%, what amount of reduction in variable costs would be needed to maintain sales and profit at the original figures? (4 marks) (iv) Briefly describe any six assumptions underlying the cost-volume-profit analysis. (9