Question

how do i even fill out this chart

Exercise 6-12 Multiproduct Break-Even Analysis (LO6-9) 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 Flight Sure Dynamic Shot Total $ 710,000 $290,000 $1,000,000 63% 7897 Sales CM ratio Fixed expenses total $575,500 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 $59,000 a month, by how much would you expect the monthly net operating income to increase? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (1.e. 0.1234 should be entered as 12.34).) Flight Dynamic Amount % Sure Shot Amount Total Company Amount % $ 0 0.00% 0 0.00% 0 0.00 % $ 0 Required 1 Required 2 >

Answer 1

Required 1 :
	Flight Dynamic		Sure shot		Total company
	Amount	%	Amount	%	Amount	%
Sales	710000	100.00%	290000	100.00%	1000000	100.00%
Variable expenses	262700	37.00%	63800	22.00%	326500	32.65%
Contribution margin	447300	63.00%	226200	78.00%	673500	67.35%
Fixed expenses					575500
Net operating income					98000

Required 2 :
Break-even point in dollar sales = Fixed expenses / Contribution margin ratio of total company = 575500 / 67.35%	854491
Required 3:
Net operating income increases by = Increase in monthly sales * Contribution margin ratio of the company = 59000 * 67.35%	39737