Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TOWE education.com/252Fgmiddleware To Help Problem 6-21 Sales Mix: Multiproduct Break-Even Analysis (L06-9) Gold Star Rice, Lad of Thailand exports That nice throughout Asia. The company

image text in transcribed
TOWE education.com/252Fgmiddleware To Help Problem 6-21 Sales Mix: Multiproduct Break-Even Analysis (L06-9) Gold Star Rice, Lad of Thailand exports That nice throughout Asia. The company grows three varieties of rice-White, Fragrant, and Loonzai Budgeted sales by product and in total for the coming month are showri below. AN $ 10,400 105, 120 $ 245,200 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Het operating income 100 308 70 det Fragrant 20 $ 140,000 LOOK 116, BOX $ 29,200 2013 La 32 $ 23,000 12040 105,120 40 SS 455 Total 100 750,000 350.400 379.00 2340 3146,120 Bollar sales to break even Fixed expenses CM ratio - 1440,000 0.52 As shown by these data, net operating income is budgeted at $146,120 for the month and the estimated break-even sales is 5449.000 Assume that actual sales for the month total $730,000 as planned. 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Consider the following statements: stackType ( 5 0 )

Answered: 1 week ago