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Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Olongapo
Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow:
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 720,000 Sure Shot 280,000 Total 1,000,000 Sales CM ratio 79% 60% Fixed expenses total $574,500 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 $60,000 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 Required1Required 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).) Total Company Flight Dynamic Sure Shot Amount Amount Amount Required1 Required 2>Step by Step Solution
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