Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gold Stor Rice, Limited, of Thailand exports Thai rice throughout Asis. The company grows three vorieties of rice - White, Fragrant, and Loonzsin. Budgeted sales

Gold Stor Rice, Limited, of Thailand exports Thai rice throughout Asis. The company grows three vorieties of rice-White, Fragrant, and
Loonzsin. Budgeted sales by product and in total for the coming month are shown below:
Dollar sales to break-even = Fixed expenses CM rotio =$231,9200.52=$446,000
As shown by these dota, net operating income is budgeted at $80,080 for the month and the estimated bresk-even sales is $446,000.
Assume that actual sales for the month total $600,000 as planned; however, actual sales by product are: White, $192,000; Fragrant,
$240,000; and Loonzain, $168,000.
Required:
Prepore a contribution formst income statement for the month bosed on the actual sales dats.
Compute the break-even point in dollar sales for the month based on your actual dato.
Answer is not complete.
Complete this question by entering your answers in the tabs below.
Prepare a contribution format income statement for the month based on the actual sales data.
Required 2:
Question: Break-even point in dollar sales
image text in transcribed

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

Practitioners Guide To Business Impact Analysis Internal Audit And IT Audit

Authors: Priti Sikdar

1st Edition

036756792X, 978-0367567927

More Books

Students also viewed these Accounting questions