Question

Olongapo Sports Corporation distributes two premium golr balls-the Flight Dynamic and the Sure Shot Monthly sales and the contribution margin ratios for the two products follow Pr Fight nynamic $740,000 Sure Shat Gales CM ralio $260,000 $1,00000 6476 79% Fixed expenses total S581,500 per month. Required: 1. Prepare a contribution format income statement for the company as a whole. Round your percentage answers to 2 decimal places (i.e. .1234 is considered as 12.34). Olongapo Sports Corporation Flight Dynamic Sure Shot Total Company Amount Amount S 740,000 100.00 % $ 280 000 54.600 64.00 % $ 205 400 100.00 1000,000 10D ODI % rile expenses Contribiution margin 288.400 36,001 % 321,000: S 473.800 79.001% 100.00 % 9 10 581 510 59 0 ixed expenses toperating income

Answer 1

The answer has been presented in the supporting sheets. Firstly total contribution margin has been calculated and then all the requirement of the question has been calculated and solved. For detailed answer refer to the supporting sheet.