Check my work 4 Gold Star Rice, Ltd. of Thailand exports Thal 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. Speed 480 1000 Percentage of total sales Sales Variable expenses Contribution margin Tired expenses Het operating income Product Fragrant $ 122,000 1000 97,600 BE $ 24,400 200 81.840 Loontain 320 $ 195,200 1008 107,360 558 $ 87,840 Total 1000 $ 610,000 292...100 317,200 224,640 92,560 1000 480 521 701 A Fixed expenses Dollar sales to break even CH ratio - 1432,000 As shown by these data, net operating income is budgeted at $92,560 for the month and the estimated break even sales is $432.000 Assume that actual sales for the month total $610,000 as planned. Actual sales by product are: White, $195,200, Fragrant, $244.000 and Loonzain, $170,800 Required: 1. Prepare a contribution format income statement for the month based on the actual sales dop 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. Check my work 4 Complete this question by entering your answers in the tabs below. Required 1 Required 2 4 pom Stopad Prepare a contribution formet income statement for the month based on the actual sales data. Gold Star Rice, Lid Contribution Income Statement Product White Fragrant Loonzain Percentage of % Total % % $ 0 ONS o 01% $ % 0% 0 0 01% $ Required 2 > 4 As shown by these data, net operating income is budgeted at $92,560 for the month and the estimated break-even sales is $432,000. Assume that actual sales for the month total $610,000 as planned. Actual sales by product are: White, $195,200; Fragrant, $244,000; and Loonzain, $170,800. 4 points 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. Skipped Complete this question by entering your answers in the tabs below. Ask Required 1 Required 2 Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to the nearest whole dollar amount.) Break-even point in dollar sale 5 Required: 1. Estimate how much of the $224,400 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $224,400 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs) 2. Using the high-low method, estimate a cost formula for maintenance in the form Ya+bX 3. Express the company's total overhead cost in the form Ya+bX 4. What total overhead cost would you expect to be incurred at an activity level of 45,000 machine-hours? 4 points eBook Complete this question by entering your answers in the tabs below. Required 1 RequiredRequired 3 Required 4 Required Using the high-low method, estimate a cost formula for maintenance in the form Y = a + bx. (Do not round your intermediate calculations. Round the "Variable cost per unit" to 2 decimal places.) Y- 5 Qura 1. Estimate how much of the $224 400 of overhead cost in July was maintenance cost. (Hint to do this, it may be helpful to firs! determine how much of the $224,400 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs) 2. Using the high-low method, estimate a cost formula for maintenance in the form Ya+bX 2. Express the company's total overhead cost in the form Ya+bX 4. What total overhead cost would you expect to be incurred at an activity level of 45,000 machine hours? 4 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Express the company's total overhed cost in the form Y = a + bx. (Do not round your intermediate calculations. Round the Variable cost per unit to 2 decimal places.) Variable Cost per Machine. Fleed Com Hour Utilities cost Supervisory salaries com Maintenance cost Total overhead cost 5 Required 1. Estimate how much of the $224 400 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $224,400 consisted of utilties and supervisory salaries. Think about the behavior of variable and fixed costs) 2. Using the high-low method, estimate a cost formula for maintenance in the form Y = a +bX 3. Express the company's total overhead cost in the form Ya+bX 4. What total overhead cost would you expect to be incurred at an activity level of 45,000 machine-hours? 4 points Complete this question by entering your answers in the tabs below. A Required: Required 2 Required 3 Required 4 What total overhead cost would you expect to be incurred at an activity level of 45,000 machine hours? (Do not round intermediate calculations.) Total overhead costs
