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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:
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 $ $ $
CM ratio
Fixed expenses total $ per month.
Required:
Prepare a contribution format income statement for the company as a whole.
Please show me how to make a contribtution format income statement step by step.
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