HW 4 E: 5-12, 5-16, 5-18, 5A-4, 6-3, 6-16, 6-17 Exercises 5-12: 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. Fixed expenses total $183,750 per month. 1.Prepare a contribution format income statement for the company as a whole. Carry computations to one decimal place. 2.What is the company’s breakeven point in dollar sales based on the current sales mix?
3.If sales increase by $100,000 a month, by how much would you expect the monthly net operating income to increase? What are your assumptions? 5-16: The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event. The committee members would like to charge $35 per person for the evening's activities. 1.What is the break-even point for the dinner-dance (in terms of the number of persons who must attend? 2.Assume that last year only 300 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break-even?