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  1. business
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  3. required: 1. prepare a contribution format income

Required: 1. Prepare a contribution format income statement for the company as a whole. 2....

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Accounting

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 $50,000 a month, by how much would you expect the monthly net operating income to increase?

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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 Flight Sure Dynamic Shot $ 680,000 $ 320,000 69% 80% Sales CM ratio Total $ 1,000,000 ? Fixed expenses total $592,500 per month. 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 (i.e. 0.1234 should be entered as 12.34).) Sure Shot Flight Dynamic Amount % Total Company Amount % Amount % % % % % % % % % %

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