iland exports Thai rice throughout Asia. The company grows three varieties of rice--White, Fragrant, and product and in total for the coming month are shown below: Product White Fragrant Loonzain Total 48% 20% 32% 100% $ 369,600 100% $ 154,000 100% $ 246,400 100% $ 770,000 100% 110,880 30% 123,200 80% 135,520 55% 369,600 48% $ 258, 720 70% $ 30,800 20% $ 110,880 45% 400,400 52% 230,360 $ 170,040 ixed expenses / CM ratio = $230,360 / 0.52 = $443,000 perating income is budgeted at $170,040 for the month and the estimated break-even sales is ne month total $770,000 as planned; however, actual sales by product are: White, $246,400; Fragrant, 5,600 at income statement for the month based on the actual sales data. pint in dollar sales for the month based on your actual data. entering your answers in the tabs below. rou 2 # Neyt Check my work Gold Star Rice, Limited, 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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 484 $ 369,600 110,880 $ 258,720 100% 30% 704 Product Fragrant Loonzain 20% 32% $ 154,000 100% $ 246,400 100% 123,200 804 135,520 55% $ 30,800 20% $ 110,880 45% $ 77 36 46 23 $ 17 Dollar sales to break-even - Fixed expenses / CM ratio - $230,360/0.52 - $443,000 As shown by these data, net operating income is budgeted at $170,040 for the month and the estimated break- even sales is $443,000 Assume that actual sales for the month total $770,000 as planned; however, actual sales by product are: White, $246,400; Fragrant, $308,000; and Loonzain. $215,600. Required: 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. Denirort Donna SEP C Check my work Prepare a contribution Triat income statement or le monn based on the ucu Sus Catal 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. Required 1 Required 2 Prepare a contribution format Income statement for the month based on the actual sales data. Loonzain Tatal White % Gold Star Rice, Limited Contribution Income Statement Product Fragrant % % % % 01% $ 0 0% $ % % Percentage of total sales % % % % % 0 % 0 0 0 % $ 0 $ 0 Rad 1 Required 2 > w owuuye eu du Temnu u sudu ureduvet dus is 5443,000 Assume that actual sales for the month total $770,000 as planned; however, actual sales by product are: White, $246,400; Fragrant, $308,000; and Loonzain, $215,600, Required: 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. Required 1 Required 2 Compute the break-even point in dollar sales for the month based on your actual data. (Do not round Intermediate calculations, Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales
