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

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Accounting

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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: Fixed expenses total $592,500 per month. Required: 1. Prepare a contribution format income statement for the Dimpany 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 $44,000 a month, by how much would you expect the monthly net operating income to increase? Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (h.e, 0.1234 thould be entered as 12.34) )

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