Problem 3 Mindoro Rice Enterprises, Inc. (MIREI) of Mindoro Island, The Philippines exports Mindoro Rice throughout Asia. The company grows three varieties of rice - Dinorado, Sinandomeng, and Japanese Hybrid (The currency in the Philippines is the Peso denoted by PhP). Budgeted Sales by product and in total for the coming month are shown below: Dinorado Sinandomeng Japanese Hybrid Sales PhP 300,000.00 PhP 780,000.00 PhP 500,000.00 Variable Costs & Expenses 210,000.00 195,000.00 200,000.00 Contribution Margin 90,000.00 585,000.00 300,000.00 Total fixed costs and expense are PhP 950,000.00. Required: 3. Net operating income 4. Weighted Contribution Margin Ratio 5. Break-even point in total peso sales 6. Contribution of Sinandomeng to break-even peso sales 7. Assume that actual sales is PhP 1,540,000.00 broken down as follows: Dinorado PhP 640,000.00; Sinandomeng PhP 500,000.00; and Japanese Hybrid PhP 400,000.00. Compute the net operating income assuming no change in its cost structure. 8. Following No.7 compute the weighted Contribution Margin Ratio. 9. Following No. 7 compute the break-even point in total peso sales.