Olongapo Sports Corporation distributes two premium golf balls-Fight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product Flight Dynanic $ 668, eee 64 Sure Shot Total Sales OM ratio $ 340,000 S 1,000, eee 79 Fixed expenses total $581,000 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. f 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

Olongapo Sports Corporation distributes two premium golf balls-Fight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product Flight Dynanic $ 668, eee 64 Sure Shot Total Sales OM ratio $ 340,000 S 1,000, eee 79 Fixed expenses total $581,000 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. f 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

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Description: Answer full question please. 10:19OX A 40% £Olongapo Sports Corporation distributes two premium golf bals-Flight Dynamic and Sure Shot. Monthly sales and thecontribution margin ratios for the two products follow:ProductFlightDynanic$ 660, 00064%Sure

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 17PROB

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