Gold Star Rice, Ltd. of Thailand exports That rice throughout Asia. The company grows three...
80.2K
Verified Solution
Question
Accounting
Gold Star Rice, Ltd. of Thailand exports That 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 % $ 307,200 92, 160 $ 215.640 percentage of total sales Sbles Variable expenses Contribution margin Fixed expenses Net operating income 100 30 % Product Fragrant Loonzain 20 32 512800 leex $ 204, bee 100 102,4ee 112,640 55 % $ 25,600 20 $ 22,160 45% 18e Total 100% 5540,000 307, 200 332, Nee 232,950 599,4 43 52 Dollar sales to break-even OM Patio 3222.950 0.52 $10.00 As shown by these data, net operating income is budgeted at $99.840 for the month and the estimated break-even sales is $448.000 Assume that actual sales for the month total $640,000 as planned. Actual sales by product are White S204,800 Fragrant. $256.000 and Loonzain. $179.200. Required: 1. Prepare a contribution format income statement for the month based on the actual sales dato 2. Compute the break-even point in door sales for the month based on your actual data Call ulla Thin Complete this question by entering 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. Gold Star Rice, Ltd Contribution Income Statement Product Fragrant White Loonzain Total Percentage of total sales 96 94 9 46 % % 96 16 96 96 96 $ 0 0 % 3 0 016 $ ola Q Required 2 > As shown by these data, lust operating Income is budgeted at $9 Assume that actual sales for the month total $640,000 as planned and Loonzain, $179,200. Required: 1. Prepare a contribution format Income statement for the month ba 2. Compute the break-even point in dollar sales for the month base Complete this question by entering your answers in the tabs Required 1 Required Compute the break-even point in dollar sales for the month based on you whole dollar amount.) Break-even point in dollar sales



Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.