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Prepare a contribution format income statement for okabee

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Reference no: EM131105086

Okabee Enterprises is the distributor for two products, Model A100 and Model B900. Monthly sales and the contribution margin ratios for the two products follow:

Product

Model A100

Model B900

Total

Sales

$700,000

$300,000

$1,000,000

Contribution margin ratio

66%

71%

?

The company's fixed expenses total $574,500 per month.

Required: (Write down all working process)

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

2. Compute the break-even point in sales for the company based on the current sales mix.

3. If sales increase by $50,000 per month, by how much would you expect net operating income to increase?

Reference no: EM131105086

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