Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis (LO5-9) 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 % $ 350, 400 105,120 $ 245, 280 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100 % 30 % Product Fragrant Loonzain 20 % 32 & $ 146,000 100 % $ 233, 600 100 % 116,800 80 % 128,480 55 % $ 29,200 20 % $ 105,120 45 % Total 100 % $ 730,000 350,400 379,600 224,640 $ 154,960 100 % 48 % 52 % 70 % Dollar sales to break-even Fixed expenses CM ratio $ 224,640 0.52 = $432,000 As shown by these data, net operating income is budgeted at $154,960 for the month and the estimated break-even sales is $432,000. Assume that actual sales for the month total $730,000 as planned; however, actual sales by product are: White, $233,600; Fragrant, $292,000; and Loonzain, $204,400. 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. 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 White Loonzain Total Fragrant % Percentage of total sales % % % % % % % % % % % $ 0 0 % $ 0 0 % $ 0 0 % 0 0 % $ 0 ts Dollar sales to break-even Fixed expenses CM ratio $ 224,640 0.52 = $432,000 eBook As shown by these data, net operating income is budgeted at $154,960 for the month and the estimated bre: $432,000. ferences Assume that actual sales for the month total $730,000 as planned; however, actual sales by product are: Whi $292,000; and Loonzain, $204,400. 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. 0 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.) BREEERRR***************************** Break-even point in dollar sales
