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How much would expect the monthly net operating income

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Reference no: EM132943541

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:

Product           Total            Flight Dynamic                    Sure Shot

Sales             $ 680,000      $ 320,000                    $ 1,000,000

CM ratio          62%                 73%                             ?

Fixed expenses total $584,000 per month.

Required:

Problem 1. Prepare a contribution format income statement for the company as a whole.

Problem 2. What is the company's break-even point in dollar sales based on the current sales mix?

Problem 3. If sales increase by $53,000 a month, by how much would you expect the monthly net operating income to increase?

Reference no: EM132943541

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