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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 columns. The headings of columns and are as follows: product; total. Column is further divided into columns with the following subheadings: flight dynamic; sure shot. Column contains entries, row of columns to contain dollar values, row of columns and contain percentage values, row of column contains a question mark.ProductFlight DynamicSure ShotTotalSales$$$CM ratioFixed expenses total $ per month.page Required:Prepare a contribution format income statement for the company as a whole. Carry computations to one decimal place.What is the companys breakeven point in dollar sales based on the current sales mix?If sales increase by $ a month, by how much would you expect the monthly net operating income to increase? What are your assumptions?
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