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 Total

Flight Dynamic Sure Shot

Sales $ $710,000$ $ $290,000$ $ $1,000,000$

CM ratio $66\%80\%?$

Fixed expenses total $$555,500$ per month.

Required: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 $$555,500$ 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 $$58,000$ 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 $3$

Prepare a contribution format income statement for the company as a whole. $($Round your percentage answers to $2$ decimal places

$($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).)$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

What is the company's break$-$even point in dollar sales based on the current sales mix? $($Do not round intermediate

calculations. Round your answer to the nearest whole dollar amount.$)$

Break$-$even point in dollar sales

If sales increase by $$58,000$ a month, by how much would you expect the monthly net operating income to increase? $($Do not

round intermediate calculations. Round your answer to the nearest whole dollar amount.$)$

Net operating income increases by

$1.$ 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 $$58,000$ a month, by how much would you expect the monthly net operating income to increase?