Olongapo Sports Corporation distributes two premium golf balls-Flight Dynamic and Sure Shot. Monthly sales and the contr

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Olongapo Sports Corporation Distributes Two Premium Golf Balls Flight Dynamic And Sure Shot Monthly Sales And The Contr 1 (45.52 KiB) Viewed 48 times

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 Total Flight Dynamic $ 660,000 Sure Shot $ 340,000 75% Sales O ratio $ 1,000,000 66% Fixed expenses total $561,500 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 $53,000 a month, by how much would you expect the monthly net operating income to increase? Answer is not complete. 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 percentage answers to 2 decimal places (.e. 0.1234 should be entered as 12.34).) Total Company Flight Dynamic Amount % Sure Shot Amount N $ 340.000 Amount Sales S660,000 Variable expenses Contribution margin $435,600 $ 255,000 Fixed expenses Net operating income 000 690,600 %