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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. Budgeted sales by product

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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. Budgeted sales by product and in total for the coming month are shown below white 48% Percentage of total sales Sales Variable expenses 29% 32 % 100% $379,200 1e0 %$158,000 100 % s252,8 100 % s798,000 100 % 113,768 30 % 126,400 B0 % 139,048 55 % 379,200 48 % $265,448 70 %s31,600 20 % $113,768 45% 410, 8ae 52% Contribution margin Fixed expenses Net operating incone 227,240 $183,56e Dollar sales to break- even . Fixed expenses - S2275240S437,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $183.560 for the month and the estimated break-even sales is $437.000. Assume that actual sales for the month total $790.000 as planned. 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 doilar sales for the month based on your actual data. Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Ltd Contribution Income Statement Product Fragrant Total of total sales here to search

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