Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. problem 5-21 (algo) sales mix; multiproduct break-

Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis [LO5-9] Gold Star...

50.1K

Verified Solution

Question

Accounting

image
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: Dollarsalestobreak-even=Fixedexpenses+CMratio=$224,640+0,52=$432,000 As shown by these data, net operating income is budgeted at $118,560 for the month and the estimated break-even sales is $432,000. Assume actual sales for the month total $660,000 as planned; however, actual sales by product are White, $211,200; Fragrant, $264,000; and Loonzain, $184,800. Required: 1. Prepore a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in doliar 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 dollar sales for the month based on your actual data. Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You own a portfolio that has $2,250 invested in Stock A and $3,450 invested in Stock...

Finance
Q

PharmaNiaga Bhd (PNB) is considering its intangible assets on how the matters below should be treated...

Accounting
Q

Regarding the central differences between 'abnormal' behavior and 'maladaptive' behavior, why is distinction so important to clinical...

Psychology
Q

16 Oral language development helps children O A play more effectively O B identify with...

Biology
Q

Ans 13 cm 7 17 A beaker of mass 1 kg contains 2 kg of...

Physics
Q

eral ball of mass 1 kg is heated using a 40 W heater in a...

Physics
Q

spring of force constant k and a block of mass m If the block is...

Physics
Q

in statistics a population is defined as O all people living in a country O...

Statistics
Q

Merchandise with a list price of $4,200 and costing $2,300 is sold on...

Accounting
Q

Gable Corporate Services uses EVA to evaluate the performance of division managers. For the Media...

Accounting
Q

Explain how the Federal Reserve's interest rate increases influence the following variables in the short...

Accounting
Q

Which of the following is not the risk event related to financial management category. Select...

Finance