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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
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 730,000 270,080 Sure Shot Total 1,000,800 Sales CM ratio 69% 77% Fixed expenses total $559,500 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
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