Exercise $5-12($Algo$)$ Multiproduct Break$-$Even Analysis $[$LO$5-9]$

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 $$577,000$ per month.

Required: $$

Prepare a contribution format income statement for the company as a whole.

What is the company's break$-$even point in dollar sales based on the current sales mix?

If sales increase by $$51,000$ a month, by how much would monthly net operating income increase?

Answer is complete but not entirely correct.

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 $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).$