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3 Olongapo Sports Corporation distributes two premium golf balls-Flight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products
3 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 214 Product Total points Sales CH ratio Flight Dynamic $710,000 Sure Shot $ 290,000 $1,000,000 62% 78% Fixed expenses total $578,500 per month. eBook 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? Hint Print 3. If sales increase by $49,000 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. References Required 1 Required 2 Required 31 Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) Flight Dynamic Amount Sure Shot % Amount N Total Company Amount % Required 1 Required 2 > 4
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