4 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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income white 48 % $312,000 93,600 $218,480 Product Fragrant Loonzain Total 20% 32% 100 % 100 % $130,000 100% $200,000 100 % $650,000 100% 30 % 104.000 sex 114,400 55 312000 48 70 X $ 26,000 20% $ 93,600 45 % 338,000 52 % 227,240 $110,760 ebook Print Dollar sales to break even Fixed expenses CH ratio $227,240 0.52 $437,000 As shown by these data, net operating income is budgeted at $110,760 for the month and the estimated break even sales is $437000 Assume that actual sales for the month total $650,000 as planned. Actual sales by product are White $200.000; Fragrant $260,000, and Loonzain, $182,000 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, Lid Contribution Income Statement Product Fragrant White Percentage of Total PRACTICE PROOLEMS FOR MID TERM EXAM 4 Dollar sales to break even Fixed expenses $227, 240 CM ratio 0.52 -$437,000 As shown by these data, net operating income is budgeted at $110760 for the month and the estimated break-even sales is $437.000 Assume that actual sales for the month total $650,000 as planned. Actual sales by product are: White, 5208,000, Fragrant, $260.000, and Loonzain $182.000 2 pore 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. Pin Required Required byturences Prepare a contribution format income statement for the month based on the actual sales data. Gol ke Contribution incontent Loonaan Total Percentage of totales IN Required 2 > MS FOR MID TERM EXAM 4 100 % Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Product white Fragrant Loonzain Total 48 % 20% 32% 100% $312.000 100 $130,000 100 $200,000 100 X $650,00 93,640 30 % 100,000 sex 114,400 55% 312,000 $218,400 70% $ 26,000 20 * $ 93,600 45% 338,000 227,240 $110,760 52% 2 point Bode 10 Dollar sales to break Fixed expenses $227,240 even CM Patio 0.52 $437,000 As shown by these data, net operating income is budgeted at $110,760 for the month and the estimated break even sales is $437,000 Assume that actual sales for the month total $650.000 as planned. Actual sales by product are: White, $208,000, Fragrant, $260,000 and Loonzain, $182/000 Required: 1. Prepare a contribution for 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 ces 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 (Round your answer to the nearest whole dollar amount.) Break even point in dollar sales MS FOR MID TERM EXAM 4 100 % Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Product white Fragrant Loonzain Total 48 % 20% 32% 100% $312.000 100 $130,000 100 $200,000 100 X $650,00 93,640 30 % 100,000 sex 114,400 55% 312,000 $218,400 70% $ 26,000 20 * $ 93,600 45% 338,000 227,240 $110,760 52% 2 point Bode 10 Dollar sales to break Fixed expenses $227,240 even CM Patio 0.52 $437,000 As shown by these data, net operating income is budgeted at $110,760 for the month and the estimated break even sales is $437,000 Assume that actual sales for the month total $650.000 as planned. Actual sales by product are: White, $208,000, Fragrant, $260,000 and Loonzain, $182/000 Required: 1. Prepare a contribution for 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 ces 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 (Round your answer to the nearest whole dollar amount.) Break even point in dollar sales