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Olongapo Sports Corporation distributes two premium golf balls the Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two

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Olongapo Sports Corporation distributes two premium golf balls the Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product Flight Dynamic $740,000 Sure Shot Sales CM ratio $260,000 $1,000,000 66% 79% Fixed expenses total $565,000 per month. Required 1. Prepare a contribution format income statement for the company as a whole. Round your percentage answers to 2 decimal places (i.e..1234 is considered as 12.34) Olongapo Sports C Flight Dynamic Sure Shot Total Company Amount Amount 2. Compute the break-even point for the company based on the current sales mix. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in sales 3. If sales increase by $53,000 a month, by how much would you expect net operating income to increase? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)

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