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Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Flight

Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow:

Flight Dynamic. Sure Shot. Total

Sales: $740,000 $260,000 $1,000,000

CM(Contribution margin) ratio: 66% 78% ?

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 $42,000 a month, by how much would you expect the monthly net operating income to increase?

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