Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Jul 2017 My Price 4.00

Olongapo Sports Corporation

Olongapo Sports Corporation is the distributor in the Philippines of two premium golf balls—the Flight Dynamic and the Sure Shot. Monthly sales, expressed in pesos (P), and the contribution margin ratios for the two products follow: Product Flight Dynamic Sure Shot Total Sales P 700,000 P 300,000 P 1,000,000 CM ratio 64% 75% ? Fixed expenses total P570,000 per month. Requirement 1: Prepare a contribution format income statement for the company as a whole. (Round your percentage values to 2 decimal places, e.g., .1234 as 12.34. Input all amounts as positive values. Omit the "P" and "%" signs in your response.) Flight Dynamic Sure Shot Total Company Amount % Amount % Amount % Sales P P P Variable expenses Contribution margin P P Fixed expenses Net operating income P Requirement 2: Compute the break-even point for the company based on the current sales mix. (Round your answer to the nearest dollar amount. Omit the "P" sign in your response.) Break-even point P Requirement 3: If sales increase by P44,000 a month, by how much would you expect net operating income to increase? (Round your answer to the nearest dollar amount. Omit the "P" sign in your response.) Expected increase in net operating income P

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Maurice Tutor
(5)
Status NEW Posted 26 Jul 2017 04:07 PM My Price 4.00

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