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Gold Star Rice, Limited, of Thailand exports That rice throughout Asia. The company grows three varieties of rice-White, Fragrant and Loonzain. Budgeted sales by product
Gold Star Rice, Limited, of Thailand exports That 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. Loonzain 32% White 48% $ 288, see 86,400 $ 201,6ee Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 129x Product Fragrant 2ex $ 128,eee 1eex 96.eee sex $ 24,000 28% 1eex Sex 70% $ 192,eee 185,6ee $ 86,400 55X Total 1eex $ 600, eee 288, eee $ 312, eee 232,440 $ 79,560 100x 48% 52% 45% Dollar sales to break-even = Fixed expenses/CM rato = $232,440 0.52 = $447.000 As shown by these data, net operating Income is budgeted at $79.560 for the month and the estimated break-even sales is $447.000. Assume that actual sales for the month total $600,000 as planned; however, actual sales by product are: White. $192.000: Fragrant, $240,000, and Loonzain. $168,000. 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, Limited Contribution Income Statement Product White Fragrant Percentage of total sales %. % % % % 0% s Loonzain Total % %. % % % %. S 0 0 % $ 0 0 0% 0 01% $ 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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