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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
Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceWhite, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below:
tabletablePercentage of total salesSalesProduct
tableWhite
Required:
Prepare a contribution format income statement for the month based on the actual sales data.
Compute the breakeven point in dollar sales for the month based on your actual data.
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