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: PhP Dinorado 350,000.00 245,000.00 PhP Sales Variable Costs & Expenses Contribution Margin Php Sinandomeng 800,000.00 260,000.00 540,000.00 Japanese Hybrid 520,000.00 220,000.00 300,000.00 105,000.00 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 1,680,000.00 broken down as follows: Dinorado PhP 680,000.00; Sinandomeng Php 500,000.00; and Japanese Hybrid PhP 500,000.00. 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