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(Solution Download) Okabee Enterprises is the distributor for two products, Model A100 and Model B900. Monthly sales and


 

 

 

 

 

 

 

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 companyAc??cs 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. (Round your percentage answers

 

to 2 decimal places. Input all amounts as positive values except

 

losses which should be indicated by minus sign.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Model A100

 

 

Model B900

 

 

Total Company

 

 

             Amount

 

     %

 

             Amount

 

     %

 

       Amount

 

     %

Sales

 

  

 

  

Variable Expenses

 

  

 

  

 

  

Contribution margin

 

  

 

  

 

  

Fixed Expenses

 

  

Net Operating Income ( or

 

loss)

 

$   

 

 

 

 

 

 

 

 

2.

 

Compute the break-even point in sales for the company based on

 

the current sales mix. (Do not round intermediate

 

calculations. Round your answer to the nearest dollar

 

amount.)

 

 

 

 

 

 

 

 

 

  Break-even point in

 

sales

 

$__________________   

 

 

 

 

 

 

 

 

3.

 

If sales increase by $50,000 per month, by how much would you

 

expect net operating income to increase? (Do not round

 

intermediate calculations. Round your answer to the nearest dollar

 

amount.)

 

 

 

 

 

 

 

 

 

Net operating income increases

 

by

 

$____________________   

 

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