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Gold Star Rice, Ltd . , of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice - White, Fragrant, and Loonzain.

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:
Dollar sales to break-even =FixedexpensesCMratio=$227,2400.52=$437,000
As shown by these data, net operating income is budgeted at $152,360 for the month and the estimated break-even sales is
$437,000.
Assume that actual sales for the month total $730,000 as planned. Actual sales by product are: White, $233,600; Fragrant, $292,000;
and Loonzain, $204,400.
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.
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