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Reierences Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia The company grows three varieties of riceWhite. Fragrant. and Loonzain. Budgeted sales by
Reierences Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia The company grows three varieties of riceWhite. Fragrant. and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Product white Fragrant Loonzain Total Percentage of total sales 20' 52' 28' 100' Sales $ 150,000 100\\ $ 390,000 1000 s 210.000 100\\ $ 750,000 1000 Variable expenses 108,000 72% 70,000 20% 04,000 400 270,000 36' Contribution margin 5 42,000 zat $ 312,000 00: 5 126,000 500 450,000 64' Fixed expenses 449,280 Net operating income 5 30,720 Dollar sales to break-even = Fixed expenses / CM ratio = $449,280 / 0.64 = $702,000 As shown by these data, net operating income is budgeted at $30,720 for the month and the estimated break-even sales is $702,000 Assume that actual sales for the month total $750,000 as planned: however, actual sales by product are: White, $300,000: Fragrant. $180,000; and Loonzain, $270,000, Required: 10 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 queotlon by enterlng 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. Percentage of total sales \"/a - - % - -I
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