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just need help with part 3 Olongapo Sports Corporation distributes two premium golf balls-the Flight Dynamic and the Sure Shot. Monthly sales and the contribution
just need help with part 3
Olongapo Sports Corporation distributes two premium golf balls-the Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product Flight Dynamic Sure Shot Total $690,000 $310,000 $1,000,000 Sales CM ratio 69% 73% Fixed expenses total $598,000 per month Required 1. Prepare a contribution format income statement for the company as a whole. Round your percentage answers to 2 decimal places (i.e. .1234 is considered as 12.34) Olongapo Sports Corporation Flight Dynamic Sure Shot Total Company Amount Amount Amount 100.001% 27.00 | % 73.00 % 1,000,000 297,600 702,400 598,000 $ 104,400 100.001% 29.761 % 70.24 % Sales $690,000 100.00 1%?$ 310,000 83,700 69.00 %| $ 226,300 iable expenses 213,900 31.001 % Contribution margin $476,100 xed expenses et operating incomeStep by Step Solution
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