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Sold Star Rice, Limited, of Thalland exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrant, and Loonzain. Budgeted sales by product
Sold Star Rice, Limited, of Thalland 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: Dollar sales to break-even = Fixed expenses/CM ratio =$223,600/0.52=$430,000 As shown by these doto, net opotating income is budgeted ot $140,400 for the month and the estimated break-even sales is $430,000. Assume that actual sales for the month total $700,000 as plonnod: however, actual salos by product are: White, $224,000; Fragrant, $280,000; and Loonzain, \$196,000. Required: 1. Prepare a contribution format income statement for the month based on the octual sales data. 2. Compute the break-ewen paint in dollar sales for the month besed on your actual data. Complete this question by entering your answers in the tabs below. Prepare a contribution format insome statement for the month based on the satual 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. Prepare a contribution forinat income statement for the month based on the actual sales data. Dollar sales to break-even = Fixed expenses /CM ratio =$223,600/0,52=$430,000 As shown by these data, net operating income is budgeted at $140,400 for the month and the estimated break-even sales is $430,000. Assume that actual sales for the month total $700,000 as planned; however, actual sales by product are: White, $224,000; Fragrant, $280,000; and Loonzain, \$196,000. Required: 1. Prepare a contribution format income statement for the month based on the actual sales dats. 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. Compute the break-even point in doliar sales for tho month based on your actual deta: (Do not round intermedlate calculations. Round your answer to the nearest whole dollar amount.)
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