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Fixed expenses total p573500 per month compute the

Question - Olongapo Sports Corporation is the distributor in the Philippines of two premium golf balls-the Flight Dynamic and the Sure Shot. Monthly sales, expressed in pesos (P), and the contribution margin ratios for the two products follow:

	Product
	Flight Dynamic	Sure Shot	Total
Sales	P 690,000	P 310,000	P 1,000,000
CM ratio	70%	72%	?

Fixed expenses total P573,500 per month.

Requirement 1: Prepare a contribution format income statement for the company as a whole.

Requirement 2: Compute the break-even point for the company based on the current sales mix.

Requirement 3: If sales increase by P41,000 a month, by how much would you expect net operating income to increase?

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Accounting Basics: Fixed expenses total p573500 per month compute the

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