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break even points Gold Star Rice, Ltd., of Thailand exports Thai rice throughout...

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Accounting

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Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice ? Fragrant, White, and Loonzain. (The currency in Thailand is the baht, which is denoted by B.) Budgeted sales by product and in total for the coming month are shown below: As shown by these data, net operating income is budgeted at B81, 200 for the month and break-even sales at B403,846. Assume that actual sales for the month total B560, 000 as planned. Actual sales by product are: White, B179, 200; Fragrant, B224,000; and Loonzain, B156,800. Requirement 1: Prepare a contribution format income statement for the month based on actual sales data. Present the income statement in the format shown above. (Net loss should be indicated by a minus sign. Omit the ?B? and ?%? signs in your response.) Requirement 2: Compute the break-even point in sales Baht for the month, Based on your actual data. (Round your answer to the nearest Baht amount. Omit the ?B? sign in your response.)

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