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...

80.2K

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 $ 690,000 $ 310,000 $ 1,000,000 CM ratio 68% 72% ? Fixed expenses total $588,000 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. If sales increase by $41,000 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

What was the ruling in Maryland v. King? What are your thoughts about this ruling?

Psychology
Q

Look at the following research questions. What would be an appropriate audience for each one? Why...

Psychology
Q

Describe in detail how SARA analysis is conducted. What is its significance? Describe the role of...

Mechanical Engineering
Q

Suppose a market is served by a monopoly manufacturer selling to a single customer. The customer’s...

Economics
Q

Suppose that output q represents the number of products produced,K is the number of machines used,...

Economics
Q

Use Mathematical induction to prove that 2 divides n 3n whenever n is a positive...

Basic Math
Q

Find two vectors orthogonal to the plane formed by a 4 5 1 and 2...

Calculus
Q

If o 3 are acute angles such that sin a and cos 3 calculate cos...

Algebra
Q

RJ Corporation has provided the following Information about one of its inventory Items: Date 1/1...

Accounting
Q

Ridgewood Corporation, a publicly traded company, is authorized to issue 183,000 $4 cumulative preferred shares...

Accounting
Q

How can I calculate all variable costs , sales price, contribution margin , break even...

Accounting
Q

You are valuing a bank. The bank currently has assets of $310 per share. Five...

Finance