26% ión Visualización Historial Marcadores Ventana Ayuda Help Save & Exit Check

Question

26% ión Visualización Historial Marcadores Ventana Ayuda Help Save & Exit Check Gold Star Rice, Ltd, of Thailand exports Thai rice throughout Asia. The Loonzain. Budgeted sales by product and in total for the coming month are shown below company grows three varieties of rice-White, Fragrant, and White Fragrant Percentage of total sales Sales Varlable expenses Contrlbution margin rixed expenses 326,400 1 136,000 10217,600 100 $ 680,000 100 97,920 301 108,100 BO, 11,680 27,200 55 326,400 20, $57,920 45· 35,600 228,480 70 Net operating income s 122,720 Dollar sales to break-even Fixed ep230. 880 expen$10.444, 000 As shown by these data, net operating income is budgeted at $122.720 for the month and the estimated break-even sales is $444,000 Assume that actual sales for the month total $680,000 as planned. Actual sales by product are: White. $217600. Fragrant, $272000 and Loonzain, $190,400. Required: 1. Prepare a contribution format income statement for the month based on the actual sales data 2 Compute the break-even point in doilar sales for the month based on your actual data. Complete this question by entering your answers in the tabs below. at is the net nneratinn innnme? MacBook Air

Explanation / Answer

Q1 White Fragrant Loonzain Total Sales $        217,600 $        272,000 $        190,400 $        680,000 Less: Variable cost $          65,280 $        217,600 $        104,720 $        387,600 Contribution $        152,320 $          54,400 $          85,680 $        292,400 Fixed expenses $        230,880 Net income $          61,520 Q2 Break even point in dollar sales=230880/(292400/680000)=$536,930.23

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