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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 follow:Table

Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow:Table Summary: The table contains 3 columns. The headings of columns 2 and 3 are as follows: product; total. Column 2 is further divided into 2 columns with the following sub-headings: flight dynamic; sure shot. Column 1 contains entries, row 1 of columns 2 to 4 contain dollar values, row 2 of columns 2 and 3 contain percentage values, row 2 of column 4 contains a question mark.ProductFlight DynamicSure ShotTotalSales$150,000$250,000$400,000CM ratio80%36%?Fixed expenses total $183,750 per month.page 96Required:Prepare a contribution format income statement for the company as a whole. Carry computations to one decimal place.What is the companys 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? What are your assumptions?

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