Gold Star Rice, Ltd. of Thailand exports Thai rice throughout Asia. The company grows three...
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Accounting
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: White 48 % $ 316,80 95, 840 $ 221,76 180 30 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating incore Product Fragrant Loonzain Total 100 $ 132, 100 $ 211,200 10 S 660,00 105,600 89 116, 160 55 316,00 $ 26, 408 20 N $ 95,840 943, 200 225, $ 117,528 100 48 Dollar sales to break-even Fixed expenses C ratio $225,680 $434,600 As shown by these data, net operating income is budgeted at 5117,520 for the month and the estimated break-even sales is $434.000 Assume that 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: 1. Prepare a contribution format income statement for the month based on the actual sales data 2. Compute the break-even point in sales for the month based on your actual data Required 1 Required 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.) Break-even point in dollar sales Required 1 Required 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.) Break-even point in dollar sales
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