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Please help with the following question Windy City Company, a wholesale distributor, has been operating for only a few months. The company sells three products
Please help with the following question
Windy City Company, a wholesale distributor, has been operating for only a few months. The company sells three products - sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below: Dollar sales to break-even = Fixed expenses/CM ratio = s224,120/052=$431.000 As shown by these data, net operating income is budgeted at $108,680 for the month, and break-even sales at $431,000. Assume that actual sales for the month total $640,000 as planned. Actual sales by product are: sinks, $204,800; mirrors, $256,000; and vanities, $179,200. Required: Prepare a contribution format income statement for the month based on actual sales data. (Input all amounts as positive values except losses which should be indicated by minus sign. Round your final answers to nearest whole number.) Compute the break-even point in sales dollars for the month, based on your actual data. Break-even point in sales dollars $ Windy City Company, a wholesale distributor, has been operating for only a few months. The company sells three products - sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below: Dollar sales to break-even = Fixed expenses/CM ratio = s224,120/052=$431.000 As shown by these data, net operating income is budgeted at $108,680 for the month, and break-even sales at $431,000. Assume that actual sales for the month total $640,000 as planned. Actual sales by product are: sinks, $204,800; mirrors, $256,000; and vanities, $179,200. Required: Prepare a contribution format income statement for the month based on actual sales data. (Input all amounts as positive values except losses which should be indicated by minus sign. Round your final answers to nearest whole number.) Compute the break-even point in sales dollars for the month, based on your actual data. Break-even point in sales dollars $Step by Step Solution
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