3 eBook Olongapo Sports Corporation distributes two premium golf balls--Flight Dynamic and Sure Shot. Monthly sales...

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3 eBook 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: Sales Product Total Flight Dynamic $660,000 Sure Shot $340,000 $1,000,000 68% 77% CH ratio Fixed expenses total $582,500 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 $46,000 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. Note: Round your percentage answers to 2 decimal places (.e. 0.1234 should be entered as 12.34). Sales Variable expenses Contribution margin. Fixed expenses Net operating income Flight Dynamic Sure Shot Amount % Amount Required 2 > Total Company Amount % 3 eBook 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: Sales Product Total Flight Dynamic $660,000 Sure Shot $340,000 $1,000,000 68% 77% CH ratio Fixed expenses total $582,500 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 $46,000 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. Note: Round your percentage answers to 2 decimal places (.e. 0.1234 should be entered as 12.34). Sales Variable expenses Contribution margin. Fixed expenses Net operating income Flight Dynamic Sure Shot Amount % Amount Required 2 > Total Company Amount %