Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. olongapo sports corporation distributes two premiu

Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and...

50.1K

Verified Solution

Question

Accounting

Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product Total Flight Dynamic Sure Shot Sales $ 720,000 $ 280,000 $ 1,000,000 CM ratio 60% 77% ?

Fixed expenses total $596,500 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 $48,000 a month, by how much would you expect the monthly net operating income to increase?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Explain the difference between civil and criminal work in forensic psychology. Describe the role of psychologists in...

Psychology
Q

How well can we evaluate a regression equation “fits” the data by examining the R Square...

Economics
Q

Which of the following statements expresses a more confident tone?(i) "I will win this game."(ii)...

Biology
Q

Temperature of equal masses of three different liquids A B and C are 20 C...

Physics
Q

vector function is a solution to a matrix differential equation if after substituting into the...

Basic Math
Q

Determine which ordered pairs given are solutions of the linear inequality in two variables.3x -...

Basic Math
Q

You just bought an aquarium for your fish, which is 39.75 inches wide and 11.375...

Basic Math
Q

Given f x 3x 4 and g x 5x 2 find 3f x 2g x...

Calculus
Q

Shown below is the sales forecast for Kalin Inc. for the first four...

Accounting
Q

an online virus-scan service provider, splish, is expanding its offerings to include an optimizing service...

Accounting
Q

Accounting Cycle project. Entar tha Novambar 1 balancas in the ladgar accounts. No....

Accounting
Q

Waterway Advertising Company's trial balance at December 31 shows Supplies $8,940 and Supplies Expense $0....

Accounting