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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 Total Flight Dynamic $670,000 Sure Shot $330,000 $1,000,000 Sales CM ratio 62% 74% Fixed expenses total $557,500 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 Dynamic Total Company Amount Amount Amount 0.00 | %| $ 0.00 % 0.001% 2. Compute the break-even point for the company 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 3. If sales increase by $59,000 a month, by how much would you expect net operating income to increase? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Net operating income increases by
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