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
		Flight Dynamic			Sure Shot			Total
Sales	$	710,000		$	290,000		$	1,000,000
CM ratio		69	%		71	%		?

Fixed expenses total $573,000 per month.

Required:

1. Prepare a contribution format income statement for the company as a whole.

Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

	Flight Dynamic			Sure Shot			Total Company
	Amount	%		Amount	%		Amount	%
Sales			%	$		%			%
			%			%			%
Contribution margin			%	$		%			%
							$

2. What is the company's break-even point in dollar sales based on the current sales mix?

3. If sales increase by $54,000 a month, by how much would you expect the monthly net operating income to increase?