Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells...
Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Units Percentage 50% Sinks 600 Mirrors 300 258 Vanities 300 25% Total 1,200 1008 Product Sinks Mirrors Vanities Total Percentage of total sales Sales 50% 30% 20% 100% $98,010.00 53,905.50 $145,200 $484,000.00 242,302.50 $240,790.00 1008 100% 1008 100%...
Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Units Percentage Sinks 1,000 500 500 50% 25% Mirrors Vanities 25% 2,000 100% Total Product Sinks 48% $ 388,320.00 77,664.00 Mirrors 20% $161,800 129,440 Vanities Total Percentage of total sales Sales Variable expenses 32% $ 258,880.00 155,328.00 100%...
Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products—sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Units Percentage Sinks 600 50% Mirrors 300 25% Vanities 300 25% Total 1,200 100% Product Sinks Mirrors Vanities Total Percentage of total sales 50% 30 20 100% Sales $240,790.00 100% $145,200 100% $98,010.00 100% $484,000.00 100% Variable expenses...
Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products—sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Units Percentage Sinks 600 50% Mirrors 300 25% Vanities 300 25% Total 1,200 100% Product Sinks Mirrors Vanities Total Percentage of total sales 50% 30 20 100% Sales $240,790.00 100% $145,200 100% $98,010.00 100% $484,000.00 100% Variable expenses...
Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products—sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Assume that actual sales for the month total $825,101 (1,400 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $361,350. Actual sales by product are as...
Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products—sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Units Percentage Sinks 400 50 % Mirrors 200 25 % Vanities 200 25 % Total 800 100 % Product Sinks Mirrors Vanities Total Percentage of total sales 48 % 30 % 22 % 100 % Sales $ 402,220.00...
Problem 4-20 Sales Mix; Multi-Product Break-Even Analysis (LO9] Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks, mirrors, and vanities, Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: points Skipped Sinks Mirrors Vanities Units 800 400 400 Percentage 50% 25% 25% Total 1,600 100% eBook Ask Percentage of total sales Sales Variable expenses Sinks 45% $301, 032.00 60,206.40...
Problem 4-20 Sales Mix; Multi-Product Break-Even Analysis [LO9] Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Sinks Mirrors Vanities Units 800 400 400 Percentage 50% 25% 25% Total 1,600 100% Product Percentage of total sales Sales Variable expenses Sinks 44% $181,630.00 36,326.00 100% 20% Mirrors 25%...
Required: 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your percentage answers to the nearest whole number.) Problem 4-20 Sales Mix; Multi-Product Break-Even Analysis (L09] Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products—sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Sinks Mirrors Vanities Units 600...
Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice—Fragrant, White, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Product White Fragrant Loonzain Total Percentage of total sales 48% 20% 32% 100% Sales $ 355,200 100% $ 148,000 100% $ 236,800 100% $ 740,000 100% Variable expenses 106,560 30% 118,400 80% 130,240 55% 355,200 48% Contribution margin $ 248,640 70% $ 29,600 20% $...