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Olongapo Sports Corporation distributes two premium golf balls the Flight D Monthly sales and the contribution margin ratios for the two products follow: Product Flight
Olongapo Sports Corporation distributes two premium golf balls the Flight D Monthly sales and the contribution margin ratios for the two products follow: Product Flight Dynamic Sure Shot Total Sales CM ratio $650,000 $350,000 $1,000,000 70% 78% Fixed expenses total $560,500 per month. Required: 1. Prepare a contribution format income statement for the company as a whe answers to 2 decimal places (i.e. .1234 is considered as 12.34)
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