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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-Fragrant. White,
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-Fragrant. White, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: 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 $170, 560 for the month and break even sales at $432,000. Assume that actual sales for the month total $760,000 as planned. Actual sales by product are: White. $243, 200; Fragrant. $304,000; and Loonzain. $212, 800. Required: 1. Prepare a contribution format income statement for the month based on actual sales data. Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to nearest whole dollar.) Break-even point in sales dollars_________
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