Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer all parts! Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis [LO5-9] Cold Siar Rice, Uimited, of Thailand exports Thai rice throughout Asia. The company

answer all parts!
image text in transcribed
Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis [LO5-9] Cold Siar Rice, Uimited, of Thailand exports Thai rice throughout Asia. The company grows three varinties of rice-White, Fragrant, and foonzain. Eudgeted sales by product and in total for the coming month ate shown below: Dollar sales to break-even = Fixed expenses +CM ratio =$229,320+0,52=$441,000 As shown by these data, net operating income is butgeted at $134,680 for the month and the estimated break-ven sales is $441000 Assume actual sales for the month total $700,000 as planned; however, actual sales by product are White, $224,000, Fragrant $280,000; and Loonzain, $196,000. Aeoulreet: 1. Prepare al 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. Compiete this question by entering your answers in the tabs below

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

The Power Of Accounting What The Numbers Mean And How To Use Them

Authors: Lawrence Lewis

1st Edition

0415884306, 978-0415884303

More Books

Students also viewed these Accounting questions

Question

What is one of the skills required for independent learning?Explain

Answered: 1 week ago

Question

=+ Is the information source respected?

Answered: 1 week ago

Question

=+ Is the source or sponsor of the information indicated?

Answered: 1 week ago