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Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis (LO5-9) Gold Star Rice, Ltd. of Thailand exports Thai rice throughout Asia. The company grows three varieties

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Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis (LO5-9) 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: Product white Fragrant Loontain Total Percentage of total sales 20 32 100 Sales $ 302,400 100 # 5 126,000 100+ 5 201,600 100 3.630,000 100 Variable expenses 90.220 30 100,000 110,00 102,400 Contribution margin 5 211.680 70 $25,200 20 $90,720 327,600 52 Fixed expenses 2277240 Not operating income $ 100,360 CM ratio 5227240 0.52 Fixed expenses Dollar sales to break-even - $437,000 As shown by these dato, net operating income is budgeted at $100,360 for the month and the estimated break-even sales is $437,000 Assume that actual sales for the month total $630,000 as planned; however, 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. 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: Required 2 Prepare a contribution format income statement for the month based on the actual sales data, Gold Star Rice, Lid. Contribution Income Statement Product White Fragt Loontain Porcentage of total sales % % % Total % % % % Required 2 > Chi Dollar sales to break-even Fixed expenses CM ratio $227,240 0.52 -$437,000 As shown by these data, net operating income is budgeted at $100,360 for the month and the estimated break-even sales is $437,000 Assume that actual sales for the month total $630,000 as planned; however, 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. Require Lequired 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.) Bronk-even point in dollar sales

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