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please do all parts! thanks! Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrant, and

image text in transcribedplease do all parts! 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: White Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100 % $ 316,800 95,040 $ 221,760 Product Fragrant Loonzain 20% 32 % $ 132,000 100 % $ 211, 200 105,600 80% 116, 160 $ 26,400 20% $ 95,040 100 % 30 % 70 % 100 % 55 % 45 % Total 100 % $ 660,000 316,800 343,200 229,840 $ 113,360 52 % Dollar sales to break-even = - Fixed expenses CM ratio $229,840 - = $442,000 0.52 As shown by these data, net operating income is budgeted at $113,360 for the month and the estimated break-even sales is $442,000. Assume that actual sales for the month total $660,000 as planned. Actual sales by product are: White, $211,200; Fragrant, $264,000; and Loonzain, $184,800. 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. Required 1 Required 2

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