% for variable expenses and contribution margin

Exercise 5-12 (Algo) Multiproduct Break-Even Analysis (LO5-9) 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 Product Flight Dynamic Sure Shot Total 5wles 5 720,000 $ 280,000 $ 1.000,eee on ratio 698 741 Fived 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. 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 Required 2 Required 3 Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (9.1234 should be entered as 12.34):) Flight Dynamke Sure Shot Total Company Amount Amount Amount $ 720.000 100.00 $ 200.000 100.00 $ 1.000.000 100.00 Variable expenses 223.200 3100 728.000 26.00 951200 Contribution margin $495.000 69.00 $2,072.000 7400 2568 800 bed expenses 582.500 el operating income 5 40.138 Required 2 >