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Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrant, and Loonzain, Budgeted sales by product

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Gold Star Rice, Limited, 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: voutar saies to break-even = Fixed expenses /CM ratio =$224,640/0.52=$432,000 As shown by these data, net operating income is budgeted at $186,160 for the month and the estimated break-even sales is $432,000. Assume that actual sales for the month total $790,000 as planned; however, actual sales by product are: White, $252,800; Fragrant, $316,000; and Loonzain, $221,200, 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 dato

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