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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 Plight Dynamic Sure Shot Total $150,000 $250,000 $400,000 BOB 360 Sales CM ratio onces Fixed expenses total $183,750 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 $100,000 a month, by how much would you expect the monthly net operating income to increase? Required 1 Required 2 Required 3 Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 de should be entered as 12.34).) Sure Shot Total Company % Amount % Amount Sales Flight Dynamic Amount $ 400,000 (190,000) $ 210,000 % % $ % % % % 0.00 % $ 0 0.00 % 400,000 (190,000) 210,000 (183,750) 26,250 Variable expenses Contribution margin Fixed expenses Net operating income 0.00 % $

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