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Gold Star Rice, Limlted, of Thalland exports Thal rice throughout Asla. The company grows three...

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Question

Accounting

Gold Star Rice, Limlted, of Thalland exports Thal rice throughout Asla. The company grows three varletles of rice-White, Fragrant, and
Loonzain. Budgeted sales by product and In total for the coming month are shown below:
Dollar sales to break-even = Fixed expenses CM ratlo =$232,9600.52=$448,000
As shown by these data, net operating income is budgeted at $110,240 for the month and the estimated break-even sales is $448,000.
Assume actual sales for the month total $660,000 as planned; however, actual sales by product are White, $211,200; Fragrant,
$264,000; and Loonzain, $184,800.
Required:
Prepare a contribution format Income statement for the month based on the actual sales data.
Compute the break-even polnt in dollar sales for the month based on your actual data.
Complete this question by entering your answers in the tabs below.
Prepare a contribution format income statement for the month based on the actual sales data.
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