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 Flight Dynamic $ 670,000 Fixed expenses total $580,500 per month. Product 70% Required 1 Required 2 Required 3 Sure Shot $ 330,000 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 $49,000 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. 73% Flight Dynamic Amount Total $1,000,000 P Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) % Required 1 Sure Shot Amount % Required 2 > Total Company Amount %

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 totai $580,500 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 $49,000 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. Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 dedimal places (i.e. 0.1234 should be entered as 12.34 ).)