Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. Award 5.00 points God S ce, L othalad exports that thoughout the company growwe want Fragrant and Loon Budgeted lesby TH 100 $ 100

image text in transcribed
3. Award 5.00 points God S ce, L othalad exports that thoughout the company growwe want Fragrant and Loon Budgeted lesby TH 100 $ 100 Percentage of owes Variable expenses Conton margin Fred expenses Naring income 134 000 100 1072009 20 800 20 214 400 117. 920 06.480 2 670 000 71.500 348.400 $225 120 70 1 45 52 115.960 As shown by these data, net operating income is budgeted 115.000 for the month and the othmated break even sesi 1447.000 Assume that actual sales for the month to 5670.000 as planned. Achases by product are: White, 214,400; Fragrant, $268.000, and Loonzain, $187.500 Required: 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 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. Gostar Rice, Lid Contron income Statement Product Fragrant % Percentage of total sales White % Loonzain % Total % NON NOTS TUT arrison 16e Rechecks 2017-10-23 References Worksheet D ully Easy Learning Objective: 05-09 Compute the break my point for

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_2

Step: 3

blur-text-image_3

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

Managerial Accounting

Authors: Susan V. Crosson, Belverd E. Needles

8th Edition

9780618777174, 618777180, 618777172, 978-0618777181

More Books

Students also viewed these Accounting questions

Question

When you say weve doubled our profit level, you are (wrong).

Answered: 1 week ago

Question

Just be careful not to make any (stupid) choices this week.

Answered: 1 week ago

Question

We dont make refunds on returned merchandise that is soiled.

Answered: 1 week ago