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Olongapo Sports Corporation distributes two premium golf balls-the Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two products
Olongapo Sports Corporation distributes two premium golf balls-the Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product Flight Dynamic Sure Shot Total $740,000 $260,000 $1,000,000 Sales CM ratio 70% 72% Fixed expenses total $590,500 per month. Required: 1. Prepare a contribution format income statement for the company as a whole. Round your percentage answers to 2 decimal places (i.e..1234 is considered as 12.34 Olongapo Sports Corporation Sure Shot Flight Dynamics Amount Amount Total Company Amount
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