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 $$183,750$ 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 $$100,000$ a month, by how much would you expect the monthly net operating income to increase? Olongapo Sports Corporation distributes two premium golf balls$$Flight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow:

Product

Total

Flight Dynamic

Sure Shot

Sales

$ $150,000$

$ $250,000$

$ $400,000$

CM ratio

$80\%$

$36\%$

$?$

Fixed expenses total $$183,750$ 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 $$100,000$ 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.

Prepare a contribution format income statement for the company as a whole. $($Round your percentage answers to $2$ decimal places $($i$.$e$..1234$ should be entered as $12\mathrm{.}34).)$

$\backslash$table$[[,$Flight Dynamic,Sure Shot,Total Company,$],[,,$Amount,$\%,$Amount,$\%,$Amount,$\%$