Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Please see photo below and answer.2. Compute the breakeven point in dollar sales for the month based on your actual data Check m 2

1. Please see photo below and answer.2. Compute the breakeven point in dollar sales for the month based on your actual data

image text in transcribed
Check m 2 Contribution margin $ 231, 840 708 $ 27, 600 208 $ 99 , 360 458 358, 800 528 Fixed expenses 230 , 880 Net operating income $ 127,920 Dollar sales to break-even = Fixed expenses / CM ratio = $230,880 / 0.52 = $444,000 oints As shown by these data, net operating income is budgeted at $127,920 for the month and the estimated break-even sales is $444,000. eBook Assume that actual sales for the month total $690,000 as planned; however, actual sales by product are: White, $220,800; Fragrant, $276,000; and Loonzain, $193,200. Required: Print 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limited Contribution Income Statement Product + White Fragrant Loonzain Total % % Percentage of total sales % % % % % % % % % Required 2 >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Textbook Of Financial Accounting And Analysis

Authors: Gaurav Agrawal

1st Edition

9350840901, 9789350840900

More Books

Students also viewed these Accounting questions