Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please explaine explaine please, Thank you:) toliows eventinit sales at 1892.43 Rentwired: pinces.J 2. Compute the break eveet poins in sales dotwes for the month,

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
please explaine image text in transcribed
image text in transcribed
image text in transcribed
explaine please, Thank you:) image text in transcribed
image text in transcribed
image text in transcribed
toliows eventinit sales at 1892.43 Rentwired: pinces.J 2. Compute the break eveet poins in sales dotwes for the month, baked on the actual data (Hound your percensage answars 10 nenrest whale pereem. Round other intermedinte valoes and final enswer to the nearest whole dolter? 3. Cakculate the bceak-even point in asit sales for the month, tased on the achush itata. (De not round your intermediate caleulatient. Round your final ancwer to the nehrest whole number] 4. Fhis pairt of the question is not part of your Connect assigniment Smithen Company, a wholesale distributot, has been operating for only a few months. The compary sells three products - sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month afe shown below based on planned unit cales as follows: (5200.000.50)+($140.000.25)+($272.00+0.25) As shown by these data, operating income is budgeted at $40,900 for the month, break-tven sales doliars at $665118.94, and break ewen tirit sales at 1,892.43. Assume that actual sales for the month total $730,800,2,100 unitsk with the CM ratio and per unit amounts the same as busgeted. Actual foxed expenses are the same as budgeted, $462,700. Actual sales by product are as follown sinks. 5182,700 (525 units miritors, $304,500(1,050 units), and vanites, $243,600(525 units). Required: 1. Prepare a contribution format income statement for the month based on actual sales data, (Round your answers te 2 decimal places.) 2. Compute the break even point in sales doliars for the month, based on the actual data. (Round your percentage answers to nenrest whole percent. Round other intermediote volues and final answer to the nenrest whole doller.) 3. Calculate the break-even point in unit sales for the month, based on the actual data. (Do not round your intermediate calculations. Round your final answer to the nearest whole number.) toliows eventinit sales at 1892.43 Rentwired: pinces.J 2. Compute the break eveet poins in sales dotwes for the month, baked on the actual data (Hound your percensage answars 10 nenrest whale pereem. Round other intermedinte valoes and final enswer to the nearest whole dolter? 3. Cakculate the bceak-even point in asit sales for the month, tased on the achush itata. (De not round your intermediate caleulatient. Round your final ancwer to the nehrest whole number] 4. Fhis pairt of the question is not part of your Connect assigniment Smithen Company, a wholesale distributot, has been operating for only a few months. The compary sells three products - sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month afe shown below based on planned unit cales as follows: (5200.000.50)+($140.000.25)+($272.00+0.25) As shown by these data, operating income is budgeted at $40,900 for the month, break-tven sales doliars at $665118.94, and break ewen tirit sales at 1,892.43. Assume that actual sales for the month total $730,800,2,100 unitsk with the CM ratio and per unit amounts the same as busgeted. Actual foxed expenses are the same as budgeted, $462,700. Actual sales by product are as follown sinks. 5182,700 (525 units miritors, $304,500(1,050 units), and vanites, $243,600(525 units). Required: 1. Prepare a contribution format income statement for the month based on actual sales data, (Round your answers te 2 decimal places.) 2. Compute the break even point in sales doliars for the month, based on the actual data. (Round your percentage answers to nenrest whole percent. Round other intermediote volues and final answer to the nenrest whole doller.) 3. Calculate the break-even point in unit sales for the month, based on the actual data. (Do not round your intermediate calculations. Round your final answer to the nearest whole number.)

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

Cost Management A Strategic Emphasis

Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins

7th edition

77733770, 978-0077733773

More Books

Students also viewed these Accounting questions