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Olongapo Sports Corporation distributes two premium golt balls the Flight Dynamic and the Sure Shot. Monthly sales and the contribution margin ratios for the two
Olongapo Sports Corporation distributes two premium golt 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 Sales CM ratio $680,000 $320,000 $1,000,000 62% 78% Fixed expenses total $565,000 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 Flight Dynamic Sure Shot Total Company Amount Amount Amount 0.00196 | $ 0.001% 0.001%
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