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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 riceWhite, Fragrant, and
Loonzain. Budgeted sales by product and in total for the coming month are shown below:
Dollar sales breakeven $
As shown by these data, net operating income is budgeted at $ for the month and the estimated breakeven sales is
$
Assume that actual sales for the month total $ as planned. Actual sales by product are: White, $; Fragrant, $;
and Loonzain, $
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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