Lindon Company is the exclusive distributor for an automotive product that sells for $24.00 per unit and has a CM ratio of 30%. The company's fixed expenses are $118,800 per year. The company plans to sell 18,100 units this year. Required: 1. What are the variable expenses per unit? (Round your "per unit" answer to 2 decimal places.) 2. What is the break-even point in unit sales and in dollar sales? 3. What amount of unit sales and dollar sales is required to attain a target profit of $46,800 per year? 4. Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $2.40 per unit. What is the company's new break-even point in unit sales and in dollar sales? What dollar sales is required to attain a target profit of $46,800? 1. Variable expense per unit 2. Break-even point in units Break-even point in dollar sales 3. Unit sales needed to attain target profit Dollar sales needed to attain target profit 4. New break-even point in unit sales New break-even point in dollar sales Dollar sales needed to attain target profit Gold Star Rice, Ltd., 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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48% $ 384,000 115, 200 $ 268,800 100 % 30 % 70 % Product Fragrant Loonzain 20 % 32% $ 160,000 100 % $ 256,000 100 128,000 80% 140,800 55 % $ 32,000 20 % $ 115,200 45 % Total 100 % $ 800,000 384,000 416,000 227,760 $ 188,240 100 % 48 % 52 % Dollar sales to break-even Fixed expenses CM ratio $ 227,760 0.52 = $438,000 As shown by these data, net operating income is budgeted at $188,240 for the month and the estimated break-even sales is $438,000. Assume that actual sales for the month total $800,000 as planned; however, actual sales by product are: White, $256,000; Fragrant, $320,000; and Loonzain, $224,000. 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. Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant White Loonzain Total Percentage of total sales % % % % % % % % % % % % % % % % Gold Star Rice, Ltd., 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: White 48 % $ 384,000 115,200 $ 268,800 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100 % Product Fragrant Loonzain 20 % 32 % $ 160,000 100 % $ 256,000 100 % 128,000 80 % 140, 800 55 $ 32,000 20 % $ 115,200 45 % 30 % 70 % Total 100% $ 800,000 384,000 416,000 227,760 $ 188,240 100 % 48 % 52 % Dollar sales to break-even Fixed expenses CM ratio $227,760 0.52 = $438,000 As shown by these data, net operating income is budgeted at $188,240 for the month and the estimated break-even sales is $438,000. Assume that actual sales for the month total $800,000 as planned; however, actual sales by product are: White, $256,000; Fragrant, $320,000; and Loonzain, $224,000. 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 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