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Exercise 6-12 Multiproduct Break-Even Analysis (LO6-9] 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 Dynamic Sure Shot $150,000 $250,000 B0% 36% Sales CM ratio Total $400,000 Fixed expenses total $183,750 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 $100,000 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. 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 should be entered as 12.34).) Flight Dynamic Sure Shot Total Company Amount Amount % 100.00 S % 100.00 % $ 100.00 % 150.000 30,000 120,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income % 20.00 80.00 $250,000 160,000 $ 90,000 % % % 64.00 36.00 Amount 400,000 190,000 210,000 183,750 26,250 S 0.19 99.81 % % $ Required 2 Fixed expenses total $183,750 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 $100,000 a month, by how much would you expect the monthly net operating income to increase? & Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 What is the company's break-even point in dollar sales based on the current sales mix? (Do not round intermediate calculations.) Break-even point in sales S 1,841 x Meu solar. It does not indicate Fixed expenses total $183,750 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 $100,000 a month, by how much would you expect the monthly net operating income to increase? % Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If sales increase by $100,000 a month, by how much would you expect the monthly net operating income to increase? (Do not round intermediate calculations.) Net operating income increases by S 9.981,000 x