Question
Olongapo Sports Corporation distributes two premium golf ballsthe Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two products
| Olongapo Sports Corporation distributes two premium golf ballsthe Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: |
| Product | |||
| Flight Dynamic | Sure Shot | Total | |
| Sales | $670,000 | $330,000 | $1,000,000 |
| CM ratio | 62% | 79% | ? |
| Fixed expenses total $598,000 per month. |
| Required: | |
| 1. | Prepare a contribution format income statement for the company as a whole |
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Financial And Management Accounting An Introduction
Authors: Pauline Weetman
8th Edition
1292244410, 978-1292244419
