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2 Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis (LO5-9) 6.66 points Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company
2 Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis (LO5-9) 6.66 points Gold Star Rice, Ltd., 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 Total 48 100 eBook Percentage of total sales Sales 100 $ 350, 400 105,120 Fragrant Loonzain 20% 327 100 $ 146,000 100 $ 233, 600 100 % 30 116,800 80 128,480 55 70 $ 29, 200 20 $ 105, 120 * 45 % $ 730,000 350, 400 Variable expenses 48 Contribution margin $ 245, 280 379,600 52 Print Pixed expenses 230,880 Net operating income $ 148, 720 References $230,880 Dollar sales to break-even - - Fixed expenses CM ratio - $444,000 0.52 As shown by these data, net operating income is budgeted at $148,720 for the month and the estimated break-even sales is $444,000. Assume that actual sales for the month total $730,000 as planned; however, actual sales by product are: White, $233,600; Fragrant, $292,000; and Loonzain, $204,400. 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. 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, Ltd. Contribution Income Statement Product White Fragrant Loonzain Total Percentage of total sales % % % % % % % % % % % % 0% $ $ 0 0 01% $ 0 0 % ol 0 % $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 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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