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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 Total Flight Dynamic Sure Shot
Sales $ 680,000 $ 320,000 $ 1,000,000
CM ratio 62% 73% ?
Fixed expenses total $584,000 per month.
Required:
Problem 1. Prepare a contribution format income statement for the company as a whole.
Problem 2. What is the company's break-even point in dollar sales based on the current sales mix?
Problem 3. If sales increase by $53,000 a month, by how much would you expect the monthly net operating income to increase?
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