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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

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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: Product Percentage of total sales Sales White 48% Fragrant 20% Loonzain 32% Total 100% $ 340,800 Variable expenses Contribution margin Fixed expenses Net operating income 102,240 $ 238,560 100 % $ 142,000 100% $ 227,200 30% 113,600 80% 124,960 70% $ 28,400 20% $ 102,240 100% 55% $ 710,000 340,800 100% 48% 45% 369,200 52% 226,720 $ 142,480 Dollar sales to break-even Fixed expenses CM ratio. $226,720 0.52 $436,000 As shown by these data, net operating income is budgeted at $142,480 for the month and the estimated break-even sales is $436,000. Assume that actual sales for the month total $710,000 as planned. Actual sales by product are: White, $227,200, Fragrant, $284,000. and Loonzain, $198,800

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