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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

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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 Product Flight Dynamic Sure Shot $710,000 $ 290,000 643 Sales Cratto Total 1,000,000 Fixed expenses total $589,000 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 mtx? 3. sales increase by $50,000 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. Required 1 Required 2 Required 3 Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (.e. 0.1234 should be entered as 12.34).) Flight Dynamic Amount Sure Shot Amount Total Company Amount % 0 9 0 % 0.001 5 0.001 0 0.001 Required 1 Required 2 Rlquired 3 What is the company's break-ever Required 3 ales based on the calculations. Round your answer to the nearest whole dollar amount.) Break-even point in sales

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