Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 6 10 points Return to question 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 Product Total Flight Dynamic Sure Shot Sales $ 690,000 $ 310,000 5 1,000,000 CH ratio 674 764 Fixed expenses total $575,500 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 $56,000 a month, by how much would you expect the monthly net operating income to increase? Answer is not complete. 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. (Round your percentage answers to 2 decimal places (.e. 0.1234 should be entered as 12.34).) Flight Dynamic Sure Shot Total Company Amount Amount Amount Mc Graw BE Mexico We my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 2. What is the company's break-even point in dollar sales based on the current sales mix? 3. If sales increase by $56,000 a month, by how much would you expect the monthly net operating income to increase? Answer is not complete. 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. (Round your percentage answers to 2 decimal places (1.e. 0.1234 should be entered as 12.34).) Flight Dynamic Sure Shot Total Company Amount % Amount Amount $ 690,000 Sales 100.00 S $ 310,000 100.00 100,000 100.00 Variable expenses 227.700 33.00 74,400 24.00 $ 462,300 67.00 $ 235,600 Contribution margin 76.00 Fixed expenses Net operating income Renue Required 2 > 300 3. Alo work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 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 $56,000 a month, by how much would you expect the monthly net operating income to increase? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's break-even point in dollar sales based on the current sales mix? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales Required 1 Required 3 > Return to question 6 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 $56,000 a month, by how much would you expect the monthly net operating Income to increase? 10 po Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required If sales increase by $56,000 a month, by how much would you expect the monthly net operating Income to increase? (Do not round intermediate calculations, Round your answer to the nearest whole dollar amount.) Net operating income increases by Required 2