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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 Sales
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 Sales O ratio Product Total Flight Dynamic $660,000 Sure Shot $340,000 $ 1,000,000 66% 75% ? Fixed expenses total $561,500 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? C 3. If sales increase by $53,000 a month, by how much would you expect the monthly net operating income to increase? Answer is not complete. Complete this question by entering your answers in the tabs below. 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 (e. 0.1234 should be entered as 12.34).) Sales Variable expenses Contribution margin Fixed expenses Net operating income Flight Dynamic Amount Sure Shot Total Company % S 660,000 Amount $340.000 % Amount % $435,600 $ 255,000 690,600 16000
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