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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
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 Sure Dynamic Shot $ 660,000 $ 340,000 65% 74% Sales CM ratio Total $ 1,000,000 ? Fixed expenses total $590,500 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 mix? 3. If sales increase by $55,000 a month, by how much would you expect the monthly net operating income to increase? 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 should be entered as 12.34).) Flight Dynamic Sure Shot Amount % Amount % % % % % $ 0 0.00 % $ 0 0.00 % Total Company Amount % 0 % 0 % 0 0.00 % 0 $ 0
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