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 CM ratio Fixed expenses total $592,000 per month. Flight Dynamic $ 710,000 Required 1 Product Required 2 66% Required 3 Sure Shot $ 290,000 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 $50,000 a month, by how much would monthly net operating income increase? Complete this question by entering your answers in the tabs below. 72% Total $ 1,000,000 ? Flight Dynamic Amount Prepare a contribution format income statement for the company as a whole. Note: Round your percentage answers to 2 decimal places (i.e. 0.1234 should be entered as 12.34). % Sure Shot Amount % Total Company Amount %

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: Fixed expenses total $592,000 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 $50,000 a month, by how much would monthly net operating income increase? Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement for the company as a whole. Note: Round your percentage answers to 2 decimal places (i.e. 0.1234 thould be entered as 12.34 )