Break-even point for company based on the current sales mix

Assignment Help Financial Accounting

Reference no: EM131258896

Olongapo Sports Corporation distributes two premium golf balls—the Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product Flight Dynamic Sure Shot Total Sales $690,000 $310,000 $1,000,000 CM ratio 63% 77% ? Fixed expenses total $568,000 per month. Required:

1. Prepare a contribution format income statement for the company as a whole. Round your percentage answers to 2 decimal places (i.e. .1234 is considered as 12.34).

2. Compute the break-even point for the company based on the current sales mix. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)

3. If sales increase by $52,000 a month, by how much would you expect net operating income to increase? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.

Reference no: EM131258896

Questions Cloud

Legitimate reason for purchasing individual apps : Is the following a legitimate reason for purchasing individual apps from multiple vendors instead of purchasing a bundled suite from a single vendor?

What are some advantagea of using relational dara : What are the strenghts and weaknesses of keeping paper health records? What is relational data? What are some advantagea of using relational dara?

Describe design issues across human-computer interaction : Evaluate interface design models and describe design issues across human-computer interaction environments associated with these models. Support your response.

Design and implement a dhcp solution : As a system administrator at Adatum Inc., a small company that has about 25 employees. You have 3 servers and 25 workstations to manage. Design and implement a DHCP solution for your company using Windows Server 2012 R2 that meet these requirement..

Break-even point for company based on the current sales mix : Olongapo Sports Corporation distributes two premium golf balls—the Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product Flight Dynamic Sure Shot Total Sales $690,000 $310,000 $1,000,0..

Draw the residual network for the network : Suppose that we wish to partition an undirected graph into two components with the minimum number of arcs between the components. HoW, would you solve this problem?

Name of the linux distribution : 1. What is the name of the Linux distribution that is supported by Red Hat Linux, but is considered open source and can be downloaded and used without charge?

What are two legal issue associated with clinical psychology : What are at least two legal issues associated with clinical psychology? Provide an example of a situation that could be legal but unethical. Explain your response.

Laptop versus tablet-which one to buy : Read the case study in Chapter 2 titled "Laptop Versus Tablet: Which One to Buy." Write a two to three (2-3) page paper in which you:

User Account

All Pages