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 111ght Sure Dynamic Shot $ 680,000 $ 320,000 600 744 Sales CM ratio Total $1,000,000 Fixed expenses total $597,000 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 you expect the monthly net operating income to increase? Answer is complete but not entirely correct. 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 perceitage answers to 2 decimal places (.e. 0.1234 should be entered as 12.341.) Flight Dynamic Amount $ 680,000 100.00 272,000 40.00 $ 408,000 60.00 % Sales Variable expenses Contribution margin Sure Shot Amount $320.000 100.00 83 200 20.00% $236.800 74.00 Total Company Amount 1,000,000 100.00 355,200 35.52 644.800 64.48 % 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 Bure Dynamic Shot $ 680,000 5.320,000 604 741 Sales CH ratio Total $1,000,000 ? Fixed expenses total $597,000 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 you expect the monthly net operating income to increase? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 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) Beneven point in das $ 27,726 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 might Dynamic Shot $ 680,000 $ 320,000 601 741 Sales CH ratio Total $ 1,000,000 2 Fixed expenses total $597,000 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 you expect the monthly net operating income to increase? Answer is complete but not entirely correct Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If sales increase by $43,000 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.) Not operating income increases by 43,064
