Question: ASAP!! I need help with this question please. Required 1 Total part and Required 2 part Loonzain, buogeteo saies dy proauct ano in toth for

ASAP!! I need help with this question please. Required 1 Total part and Required 2 part
ASAP!! I need help with this question please. Required 1 Total part
and Required 2 part Loonzain, buogeteo saies dy proauct ano in toth

Loonzain, buogeteo saies dy proauct ano in toth for tre coming month ate snown nawh. As shown by these data, net operating income is budgeted at $158,080 for the month and the estimated break-even sales is $436,000 Assume that actual sales for the month total $740,000 as planned; however, actual sales by product are: White, $236,800; Fragrant, \$296,000; and Loonzain, \$207,200. Requiled: 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement for the month based ori the actual sales data. Net operating incone Dollar sales to break-even = Fixed expenses /CM ratio =$226,720/0.52=$436,000 A5 shown by these data, net operating income is budgeted at $158,080 for the month and the estimated break-oven sales is $436.000 Assume that actual sales for the month total $740,000 as planned; howevet, actual sales by procuct are: White, $236,800; Fragrant, $296,000; and Loonzain, $207,200, Required: 1. Prepare a contribution format income statement for the month based on the actual sales data, 2. Compute the break-even poimt in dollar saies for the month based on your actual data. Answer is not complete. 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. (Do not round interrined ate calculutions. Round your answer to the nearest whole dollar amount.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!