Olongapo Sports Corporation distributes two premium golf balls-Flight Dynamic and Sure Shot. Monthly sales and the contr margin ratios for the two products follow. Product Flight Sure Dynamic Shot $ 700,000 $ 300,000 62% 73% Sales CM ratio Total $ 1,000,000 Fixed expenses total $588,500 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 $42,000 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 (.e. should be entered as 12.34).) Flight Dynamic Sure Shot Total Company Drou 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? 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 plac should be entered as 12.34).) Flight Dynamic Amount % Sure Shot Amount % Total Company Amount % % % % % % % % % Rug Required 2 > Saved 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 $42,000 a month, by how much would you expect the monthly net operating income to increas Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's break-even point in dollar sales based on the current sales mix? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in salos Saved 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 $42,000 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 Regred 3 If sales increase by $42,000 a month, by how much would you expect the monthly net operating income to increase? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Net operating income increases by
