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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

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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 Flight Sure Dynamic Shot $ 660,000 $ 340,000 640 724 Total $1,000,000 Sales CK ratio Fixed expenses total $555,500 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 $49,000 a month, by how much would you expect the monthly net operating income to increase? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare a contribution format income statement for the company as a whole (round your percentage answers to 2 decimal place de 0.1234 should be entered as 12:34) Flight Dynamie Amount Bura Bot Amount 5 Total Company Amount Pray 1 of 1 NO

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