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Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and...

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Accounting

Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and 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 67 % 74 % ?

Fixed expenses total $587,000 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 $45,000 a month, by how much would you expect the monthly net operating income to increase?

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