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anyone can help?(req1-2) please try to write clearly and make sure everything can be seen. thank you:) Gold Star Rice, Limited, of Thailand exports Thai
anyone can help?(req1-2) please try to write clearly and make sure everything can be seen. thank you:)
Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Product White. 48% Fragrant 20% Loonzain 32% Total 100% Percentage of total sales Sales 100% $ 217,600 100% $326,400 97,920 Variable expenses $ 680,000 326,400 100% $ 136,000 30% 108,800 $ 27,200 48% 80% 119,680 20% $ 97,920 Contribution margin $ 228,480 70% 52% Fixed expenses 353,600 232,440 $ 121,160 Net operating income Dollar sales to break-even-Fixed expenses/CM ratio $232,440/0.52-$447,000 As shown by these data, net operating income is budgeted at $121,160 for the month and the estimated break-even sales is $447,000. Assume that actual sales for the month total $680,000 as planned; however, actual sales by product are: White, $217,600; Fragrant, $272,000; and Loonzain, $190,400, 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 100% 55% 45% 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 Percentage of total sales % % % % % % % % % % % % Total % % % % Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales Step by Step Solution
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