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 $ 660,000 Sure Shot Total Sales CM ratio 340,000 1,000,000 62% 78% Fixed expenses total $568,000 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 $51,000 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 (i.e. 0.1234 should be entered as 12.34).) Flight Dynamic Sure Shot Total Company Amount Amount Amount 0 0.00% $ 0.00 % 0.00 % 0 Required 1 Required 2> 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 $ 660,000 Sure Shot 340,000 Total 1,000,000 Sales CM ratio 62% 78% Fixed expenses total $568,000 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 $51,000 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. Required1 Required 2Required 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 sales KRequired 1 Required 3 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 660,000 Sure Shot 340,000 Total Sales CM ratio 1,000,000 62% 78% Fixed expenses total $568,000 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 $51,000 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. Required1 Required 2Required 3 If sales increase by $51,000 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.) et operating income increases by Required 2 Required 3
