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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 10 100 # 20 115,200 28,800 5345,600 100 % #144,000 100 \ 5230,400 100 . $720,000 100 55 t 30 70 345,600 374,400 226,720 241,920 201 $ 103,680 52 Pixed Print nses. $226 720$436,000 0.52 As shown by these data, net operating income is budgeted at $147680 for the month and the estimated break-even sales is $436,000. Assume that actual sales for the month total $720,000 as planned. Actual sales by product are: White, $230,400; Fragrant, $288.000: and Loonzain, $201,600 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 Prev 1 of 1

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