Exercise $5-12($Algo$)$ Multiproduct Break$-$Even Analysis $[$L$05-9]$

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 $$584,500$ 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 $$55,000$ 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 $1$

Prepare a contribution format income statement for the company as a whole. $($Round your percentage answers to $2$ decimal places

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