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: Sales CM ratio Product Flight Dynamic $ 680,000 Fixed expenses total $583,000 per month. 61% Sure Shot $ 320,000 73% Total $ 1,000,000 ? 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 $43,000 a month, by how much would monthly net operating income increase?

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: Fixed expenses total $583,000 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 $43,000 a month, by how much would monthly net operating income increase? Prepare a contribution format income statement for the company as a whole. Note: Round your percentage answers to 2 decimal places (i.e. 0.1234 should be entered as 12.34). What is the company's break-even point in dollar sales based on the current sales mix? Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount. If sales increase by $43,000 a month, by how much would monthly net operating income increase? Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount