Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is all one question :) Thanks ! Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of

This is all one question :) Thanks ! image text in transcribed
image text in transcribed
image text in transcribed
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 Fragrant 20% $ White 48 364,880 109.440 255,360 $ $ Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 100% 30% 70% 152,000 121,600 30,480 Loonzain 32% 243,200 133,760 109,440 100% 80% 20% 100% 55% 45% Total 109% 760,000 364,800 395,200 227,240 167,960 100% 48% 52% $ $ $ $ Dollar sales to break-even -- Fixed expenses CM ratio . $227,240 - $437,000 As shown by these data, net operating income is budgeted at $167.560 for the month and the estimated break-even sales is $437,000. Assume that actual sales for the month total $760,000 as planned. Actual sales by product are: White, $243,200; Fragrant, $304,000, and Loonzain. $212,800. Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Ltd. Contribution Income Statement R Product Fragrant White Total Percentage of total sales 0% s 01% 0 0% Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fire Extinguisher Log Book

Authors: Arahan Khan

1st Edition

B09TZKR5Z4, 979-8428924282

More Books

Students also viewed these Accounting questions

Question

Please help show me with full detail, Help is appreciated

Answered: 1 week ago

Question

Employ effective vocal cues Employ effective visual cues

Answered: 1 week ago