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I need the right numbers for the incorrect one Gold Star Rice, Limited, of Thailand exports Thal rice throughout Asia. The company grows three varieties
I need the right numbers for the incorrect one
Gold Star Rice, Limited, of Thailand exports Thal 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 = Fixed expenses /CM ratio =$227,240/0.52=$437,000 As shown by these data, net operating income is budgeted at $178,360 for the month and the estimated break-even sales is $437,000. Assume that actual sales for the month total $780,000 as planned; however, actual sales by product are: White. $249,600: Fragrant, $312,000 : and Loonzain, $218,400. Required: 1. Prepare a contribution format income statement for the month based on the actual tales data. 2. Compute the break-even point in dollar sales for the month based on your actual data. Prepare a contribution format income statement for the month based on the actual sales data Step by Step Solution
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