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please answer , thanks ! Gold Star Rice, Ltd. of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrant, and
please answer , thanks ! 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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 489 $ 302,400 90, 720 $ 211,680 100% 30 701 Product Fragrant 20% $ 126,000 1004 100,800 804 $ 25,200 204 Loonzain 32 $ 201,600 1009 110,888 55 $ 98,720 45 Total 1088 $630,000 302,400 327,600 231,400 $ 96,200 100 484 524 Dollar sales to break-even Fixed expenses $231,400 $445,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $96,200 for the month and the estimated break-even sales is $445.000. Assume that actual sales for the month total $630,000 as planned. Actual sales by product are: White, $201,600; Fragrant, $252,000; and Loonzain, $176,400, 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. Chec 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. Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant % White Total Percentage of total sales Loonzain % % 56 96 % % $ % % 0 % % s 0 0 % $ 0 olx $ 0 0 01% $ Required 2 > Required: 1. Prepare a contribution format income statement for the month based on the actua 2. Compute the break-even point in dollar sales for the month based on your actual 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. whole dollar amount.) Break-even point in dollar sales
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