Question
In: Accounting
Olongapo Sports Corporation distributes two premium golf balls—Flight Dynamic and Sure Shot. Monthly sales and the...
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 Dynamic | Sure Shot | Total | |||||||
| Sales | $ | 670,000 | $ | 330,000 | $ | 1,000,000 | |||
| CM ratio | 65 | % | 73 | % | ? | ||||
Fixed expenses total $567,500 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 $41,000 a month, by how much would you expect the monthly net operating income to increase?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Olongapo Sports Corporation distributes two premium golf balls—Flight Dynamic and Sure Shot. Monthly sales and the...
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 Dynamic
Sure Shot
Total
Sales
$
720,000
$
280,000
$
1,000,000
CM ratio
66
%
75
%
?
Fixed expenses total $577,500 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?...
Olongapo Sports Corporation distributes two premium golf balls—Flight Dynamic and Sure Shot. Monthly sales and the...
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
Dynamic
Sure Shot
Total
Sales
$
720,000
$
280,000
$
1,000,000
CM ratio
67
%
79
%
?
Fixed expenses total $577,000 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?...
A premium golf ball production line must produce all of its balls to 1.615 ounces in...
A premium golf ball production line must produce all of its
balls to 1.615 ounces in order to
get the top rating (and therefore the top dollar). Samples are
drawn hourly and checked. If the
production line gets out of sync with a statistical
significance of more than 1%, it must be shut
down and repaired. This hour’s sample of 18 balls has a mean
of 1.611 ounces and a standard
deviation of 0.065 ounces. Do you shut down the...
A golf organization wants to test how durable two brands of golf balls are, Champ and...
A golf organization wants to test how durable two brands of golf
balls are, Champ and Master. 10 balls of each brand are randomly
selected and tested to see how many drives are needed before the
ball cracks or breaks.Table listed with data below. alpha=.05 ? =
.05 What can you conclude?
Champ Master
270 364
334 302
301 350
307 348
298 396
290 325
315 342
305 359
325 327
331 355
Rastacan Enterprises distributes two products: Model X300 and Model Z900. Monthly sales and the contribution margin...
Rastacan Enterprises distributes two products: Model X300 and Model
Z900. Monthly sales and the contribution margin ratios for the two
products follow:
Product Model X300
Model Z900
Total
Sales $700,000
$300,000
$1,000,000
Contribution margin ratio 60%
70%
?
The...
Two golf balls are selected with replacement from a bowl containing 7 red and 3 blue...
Two golf balls are selected with replacement from a bowl
containing 7 red and 3 blue balls
What is the probability that both balls are red?
What is the probability that both balls are blue?
What is the probability that the first ball is red and the
second ball is blue?
What is the probability that the first ball is blue and the
second ball is red?
What is the probability that the two balls selected are the
same color?...
Brunswick Corporation sells bowling balls and has developed the following information: Sales price
Brunswick Corporation sells bowling balls and has developed the
following information:
Sales
price
$60 per unit
Variable cost of goods
sold
$26 per unit
Fixed cost of goods
sold
$500,000
Variable operating
expenses
$1,000,000
Fixed operating
expenses
$650,000
For the year ended December 31, 2018,
Brunswick Corporation produced and
sold 100,000 bowling balls.
Instructions-***SHOW ALL COMPUTATIONS OR
NO CREDIT GIVEN****
Prepare a detailed CVP income statement using
the contribution margin format for...
Sales Mix and Break-Even Sales Dragon Sports Inc. manufactures and sells two products, baseball bats and...
Sales Mix and Break-Even Sales
Dragon Sports Inc. manufactures and sells two products, baseball
bats and baseball gloves. The fixed costs are $318,000, and the
sales mix is 60% bats and 40% gloves. The unit selling price and
the unit variable cost for each product are as follows:
Products
Unit Selling Price
Unit Variable Cost
Bats
$60
$50
Gloves
150
90
a. Compute the break-even sales (units) for the
overall enterprise product, E.
units
b. How many units of each...
Sales mix and break-even sales Dragon Sports Inc. manufactures and sells two products, baseball bats and...
Sales mix and break-even sales
Dragon Sports Inc. manufactures and sells two products, baseball
bats and baseball gloves. The fixed costs are $141,000, and the
sales mix is 80% bats and 20% gloves. The unit selling price and
the unit variable cost for each product are as follows:
Products
Unit Selling Price
Unit Variable Cost
Bats
$60
$60
Gloves
100
50
This information has been collected in the Microsoft Excel
Online file. Open the spreadsheet, perform the required analysis,
and...
Sales Mix and Break-Even Sales Dragon Sports Inc. manufactures and sells two products, baseball bats and...
Sales Mix and Break-Even Sales
Dragon Sports Inc. manufactures and sells two products, baseball
bats and baseball gloves. The fixed costs are $305,800, and the
sales mix is 60% bats and 40% gloves. The unit selling price and
the unit variable cost for each product are as follows:
Products
Unit Selling Price
Unit Variable Cost
Bats
$40
$30
Gloves
100
60
a. Compute the break-even sales (units) for the
overall enterprise product, E.
units
b. How many units of each...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- I have a question pertaining to ruby on rails. I was wondering if there is a...
- For the past two years, the United States has imposed tariffs (tax) on imports from China....
- Module 2 Course Work 1. Read Pages 12-30. 2. Use the week 1 video's and this...
- 6. Solve the following recurrence relations t(n) = t(n-1) + 3 for n>1 t(1) = 0...
- In C programming using C11 library, how can we validate command line arguments? meaning for example...
- In Java Create a class called "TestZoo" that holds your main method. Write the code in...
- You are interested in buying a house and renting it out. You expect to receive a...
ADVERTISEMENT