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Olongapo Sports Corporation distributes two premium golf balls - Flight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products

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 ballsFlight 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 12.34).)
\table[[,Flight Dynamic,Sure Shot,Total Company,],[,,Amount,%,Amount,%,Amount,%
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