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ASAP PLEASE HELP IN SOLVING Gold Star Rice, Limited, of Thailand exports Thal rice throughout Asia. The company grows three varieties of rice-White, Fragrant, and
ASAP PLEASE HELP IN SOLVING
Gold Star Rice, Limited, of Thailand exports Thal 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: Dollar sales to break-even = Fixed expenses/CM ratio =$232,440/0,52=$447,000 As shown by these data, net operating income is budgeted at $84,760 for the month and the estimated break-even 5ales is $447,000. Assume that actual sales for the month total $610,000 as planned; however, actual sales by product are: White, $195,200; Fragrant, $244,000; and Loonzain, $170,800. Required: Prepare a contribution format income statement for the month based on the actual sales data. 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. Prepare a contribution format income statement for the month based on the actual sales data. Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your onswer to the nearest whole dollar amounti) Step by Step Solution
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