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Break-Even Analysis [LO5-9] Gold Star Rice, Limited, of Thailand 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: Product White 48% Fragrant 201 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Dollar sales to break-even-Fixed expenses/CM ratio $228.280/0.52-$439,000 As shown by these data, net operating income is budgeted at $166.929 for the month and the estimated breat $364,800 109,440 $ 255,360 Loonzain 32% 100% $152,000 30% 121,600 70% $ 30,400 100% $243,200 80% 133,760 20% $109,440 100% 55% 458 Total 100% $760,000 364,800 395,200 220,200 $ 166,920 ma 100% 48% 524

Break-Even Analysis [LO5-9] Gold Star Rice, Limited, of Thailand 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: Product White 48% Fragrant 201 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Dollar sales to break-even-Fixed expenses/CM ratio $228.280/0.52-$439,000 As shown by these data, net operating income is budgeted at $166.929 for the month and the estimated breat $364,800 109,440 $ 255,360 Loonzain 32% 100% $152,000 30% 121,600 70% $ 30,400 100% $243,200 80% 133,760 20% $109,440 100% 55% 458 Total 100% $760,000 364,800 395,200 220,200 $ 166,920 ma 100% 48% 524

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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14 3 ts Skipped ebook Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis [LO5-9) Gold Star Rice, Limited, of Thailand 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: Product Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48% $364,800 109,440 $ 255,360 Fragrant 20% 100% $152,000 30% 121,600 $ 30,400 70% Loonzain 32% 100% $243,200 80% 133,760 201 $ 109,440 Complete this question hy entering voor aneware in the 100% 55% 458 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. Total 100% Dollar sales to break-even-Fixed expenses/CM ratio-$228.280/0.52-$439,000 As shown by these data, net operating income is budgeted at $166,920 for the month and the estimated break-even sales is $439,000. $760,000 364,800 395,200 220,200 $ 166,920 Assume that actual sales for the month total $760,000 as planned; however, actual sales by product are: White, $243,200; Fragrant, $304,000; and Loonzain, $212,800. 100% 481 520
Transcribed Image Text:14 3 ts Skipped ebook Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis [LO5-9) Gold Star Rice, Limited, of Thailand 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: Product Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48% $364,800 109,440 $ 255,360 Fragrant 20% 100% $152,000 30% 121,600 $ 30,400 70% Loonzain 32% 100% $243,200 80% 133,760 201 $ 109,440 Complete this question hy entering voor aneware in the 100% 55% 458 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. Total 100% Dollar sales to break-even-Fixed expenses/CM ratio-$228.280/0.52-$439,000 As shown by these data, net operating income is budgeted at $166,920 for the month and the estimated break-even sales is $439,000. $760,000 364,800 395,200 220,200 $ 166,920 Assume that actual sales for the month total $760,000 as planned; however, actual sales by product are: White, $243,200; Fragrant, $304,000; and Loonzain, $212,800. 100% 481 520
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limited Contribution Income Statement 4 Percentage of total sales $ White 0 % % % 0% Required 1 Required 2 $ Fragrant 0 % Product % % 0% $ < Required 1 Loonzain % 0 < Required 1 Complete this question by entering your answers in the tabs below. % 0% Required 2 > 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. $ Required 2 > Total 0 As shown by these data, net operating income is budgeted at $166,920 for the month and the estimated break-even sales is $439,000. 0 Assume that actual sales for the month total $760,000 as planned; however, actual sales by product are: White, $243,200; Fragrant, $304,000; and Loonzain, $212,800. % % % 0% Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limited Contribution Income Statement 4 Percentage of total sales $ White 0 % % % 0% Required 1 Required 2 $ Fragrant 0 % Product % % 0% $ < Required 1 Loonzain % 0 < Required 1 Complete this question by entering your answers in the tabs below. % 0% Required 2 > 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. $ Required 2 > Total 0 As shown by these data, net operating income is budgeted at $166,920 for the month and the estimated break-even sales is $439,000. 0 Assume that actual sales for the month total $760,000 as planned; however, actual sales by product are: White, $243,200; Fragrant, $304,000; and Loonzain, $212,800. % % % 0% Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales
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