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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 Dynamic Total Sure Shot Sales 5. 710,000 $ 290,000 $ 1,000,000 CH ratio 685 798 Fixed expenses total $578,500 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 $45,000 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 3 Prepare a contribution format Income statement for the company as a whole. (Round your percentage answers to 2 decimal places Le 0.1234 should be entered as 12.34).) Flight Dynamic Amount Sure Shot Amount Total Company Amount %

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