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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 $100,000 a month, by how much would you expect the monthly net operating income to increase?

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 $100,000 a month, by how much would you expect the monthly net operating income to increase?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 5-12 (Static) Multiproduct Break-Even Analysis [LO5-9] 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: Sales CM ratio Product Flight Dynamic $ 150,000 80% Sure Shot $ 250,000 368 Flight Dynamic Total $ 400,000 2 Fixed expenses total $183,750 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 $100,000 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..1234 should be entered as 12.34).) Sure Shot Total Company
Transcribed Image Text:Exercise 5-12 (Static) Multiproduct Break-Even Analysis [LO5-9] 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: Sales CM ratio Product Flight Dynamic $ 150,000 80% Sure Shot $ 250,000 368 Flight Dynamic Total $ 400,000 2 Fixed expenses total $183,750 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 $100,000 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..1234 should be entered as 12.34).) Sure Shot Total Company
Jok nt Requirea: 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 $100,000 a month, by how much would you expect the monthly net operating income to increase? ences Complete this question by entering your answers in the tabs below. EX. 5-15, EX. 5-12 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. .1234 should be entered as 12.34).) CM ratio Flight Dynamic Amount % Required 1 Required 2 Required 3 4 80% Sure Shot Amount Required 1 Required 2 Required 3 Complete this question by entering your answers in the tabs below. 36% Saved Fixed expenses total $183,750 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 $100,000 a month, by how much would you expect the monthly net operating income to increase? < Required 1 Total Company What is the company's break-even point in dollar sales based on the current sales mix? (Do not round intermediate calculations.) Break-even point in dollar sales Required 2 Amount Complete this question by entering your answers in the tabs below. % Required 3 > Fixed expenses total $183,750 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 $100,000 a month, by how much would you expect the monthly net operating income to increase? If sales increase by $100,000 a month, by how much would you expect the monthly net operating income to increase? (Do not round intermediate calculations.) Net operating income increases by
Transcribed Image Text:Jok nt Requirea: 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 $100,000 a month, by how much would you expect the monthly net operating income to increase? ences Complete this question by entering your answers in the tabs below. EX. 5-15, EX. 5-12 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. .1234 should be entered as 12.34).) CM ratio Flight Dynamic Amount % Required 1 Required 2 Required 3 4 80% Sure Shot Amount Required 1 Required 2 Required 3 Complete this question by entering your answers in the tabs below. 36% Saved Fixed expenses total $183,750 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 $100,000 a month, by how much would you expect the monthly net operating income to increase? < Required 1 Total Company What is the company's break-even point in dollar sales based on the current sales mix? (Do not round intermediate calculations.) Break-even point in dollar sales Required 2 Amount Complete this question by entering your answers in the tabs below. % Required 3 > Fixed expenses total $183,750 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 $100,000 a month, by how much would you expect the monthly net operating income to increase? If sales increase by $100,000 a month, by how much would you expect the monthly net operating income to increase? (Do not round intermediate calculations.) Net operating income increases by
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