Gold Star Rice, Ltd.,ofThailand exports Thai rice thoughout Asia. The company grows three varieties of rice-Fragrant, White, and Loonzain. Budgeted sales by product and in total for the coming mouth are shouw below:
Product
White Fragrant Loonzain Total
Percentage of total sales 20% 52% 28% 100%
Sales $150,000 100% $390,000 100% $210,000 100% $750,000 100%
Variable expenses 108,000 72% 78,000 20% 84,000 40% 270,000 36%
Contribution margin $42,000 28% $321,000 80% $126,000 60% $480,000 64%
Fixed expenses 449,280
Net operating income $30,720
Dollar sales to break = Fixedexpenses / CM ratio
= $449,280 / 0.64
=$702,000
As shown by these data , net operating income is budgeted at $30,720 for the mouth and break even sales at $720,009
Assume that actual sales for the mouth total $750,000 as planned . Actual sales by product are: White, $300,000; Fragrent,$180,000; and Loonzain,$270,000.
1. Prepare a contribution format income statement for the mouth based on actual sales data. Present the income statement in the format shown above
2. Compute the break even point in dollar sales for the mouth based on your actual data.
3. Considering the face that the company met its $750,000 sales budget for the mouth , the pre-indent is shocked at the results shown on your income statement in (1) above . Prepare a brief memo for the president explaining why both the oprating results and the break even point in dollar salesare diffirent from what was budgeted.
ใครเรียนการเงินบ้างคะ ช่วยทำข้อนี้ให้หน่อยคะ
Product
White Fragrant Loonzain Total
Percentage of total sales 20% 52% 28% 100%
Sales $150,000 100% $390,000 100% $210,000 100% $750,000 100%
Variable expenses 108,000 72% 78,000 20% 84,000 40% 270,000 36%
Contribution margin $42,000 28% $321,000 80% $126,000 60% $480,000 64%
Fixed expenses 449,280
Net operating income $30,720
Dollar sales to break = Fixedexpenses / CM ratio
= $449,280 / 0.64
=$702,000
As shown by these data , net operating income is budgeted at $30,720 for the mouth and break even sales at $720,009
Assume that actual sales for the mouth total $750,000 as planned . Actual sales by product are: White, $300,000; Fragrent,$180,000; and Loonzain,$270,000.
1. Prepare a contribution format income statement for the mouth based on actual sales data. Present the income statement in the format shown above
2. Compute the break even point in dollar sales for the mouth based on your actual data.
3. Considering the face that the company met its $750,000 sales budget for the mouth , the pre-indent is shocked at the results shown on your income statement in (1) above . Prepare a brief memo for the president explaining why both the oprating results and the break even point in dollar salesare diffirent from what was budgeted.