Problem 5 21A 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 riceFragrant, White, and Loonzain Budgeted sales by product and in total for the coming month are shown below Product White Fragrant Loonzain Total Percentage of total sales 48 20 32 100 Sales $ 321,600 100 $ 134,000 100 $ 214,400 100 $ 670,000 100 Variable expenses 96,480 30 107,200 80 117,920 55 321,600 48 Contribution margin $ 225,120 70 $ 26,800 20 $ 96,480 45 348,400 52 Fixed expenses 231,400 Net operating income $ 117,000 Dollar sales to break even Fixed expenses $231,400 $445,000 CM ratio 0 52 As shown by these data, net operating income is budgeted at $117,000 for the month and break even sales at $445,000 Assume that actual sales for the month total $670,000 as planned Actual sales by product are White, $214,400 Fragrant, $268,000 and Loonzain, $187,600 Required 1 Prepare a contribution format income statement for the month based on actual sales data 2 Compute the break even point in dollar sales for the month based on your actual data (Round your answer to nearest whole dollar ) Problem 5 21A 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 riceFragrant, White, and Loonzain Budgeted sales by product and in total for the coming month are shown below Product White Fragrant Loonzain Total Percentage of total sales 48 20 32 100 Sales $ 321,600 100 $ 134,000 100 $ 214,400 100 $ 670,000 100 Variable expenses 96,480 30 107,200 80 117,920 55 321,600 48 Contribution margin $ 225,120 70 $ 26,800 20 $ 96,480 45 348,400 52 Fixed expenses 231,400 Net operating income $ 117,000 Dollar sales to break even Fixed expenses $231,400 $445,000 CM ratio 0 52 As shown by these data, net operating income is budgeted at $117,000 for the month and break even sales at $445,000 Assume that actual sales for the month total $670,000 as planned Actual sales by product are White, $214,400 Fragrant, $268,000 and Loonzain, $187,600 Required 1 Prepare a contribution format income statement for the month based on actual sales data 2 Compute the break even point in dollar sales for the month based on your actual data (Round your answer to nearest whole dollar )

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Problem 5-21A 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

Problem 5-21A 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 riceFragrant, White, and Loonzain. Budgeted sales by product and in total for the coming month are shown below:

Product

	White			Fragrant			Loonzain			Total
Percentage of total sales		48%			20%			32%			100%
Sales	$	321,600	100%	$	134,000	100%	$	214,400	100%	$	670,000	100%
Variable expenses		96,480	30%		107,200	80%		117,920	55%		321,600	48%

Contribution margin	$	225,120	70%	$	26,800	20%	$	96,480	45%		348,400	52%

Fixed expenses											231,400

Net operating income										$	117,000

Dollar sales to break even	=	Fixed expenses	=	$231,400	= $445,000
		CM ratio		0.52

As shown by these data, net operating income is budgeted at $117,000 for the month and break even sales at $445,000.

Assume that actual sales for the month total $670,000 as planned. Actual sales by product are: White, $214,400; Fragrant, $268,000; and Loonzain, $187,600.

Required:
1.	Prepare a contribution format income statement for the month based on actual sales data.

2.	Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to nearest whole dollar.)

Problem 5-21A 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 riceFragrant, White, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Product White Fragrant Loonzain Total Percentage of total sales 48% 20% 32% 100% Sales $ 321,600 100% $ 134,000 100% $ 214,400 100% $ 670,000 100% Variable expenses 96,480 30% 107,200 80% 117,920 55% 321,600 48% Contribution margin $ 225,120 70% $ 26,800 20% $ 96,480 45% 348,400 52% Fixed expenses 231,400 Net operating income $ 117,000 Dollar sales to break even = Fixed expenses = $231,400 = $445,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $117,000 for the month and break even sales at $445,000. Assume that actual sales for the month total $670,000 as planned. Actual sales by product are: White, $214,400; Fragrant, $268,000; and Loonzain, $187,600. Required: 1. Prepare a contribution format income statement for the month based on actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to nearest whole dollar.)