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please answer all parts. thanks! Gold Star Rice, Ltd., of Thailand exports Thai...

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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-White, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below. Percentage of total sales Sales Variable expenses White 48% $ 297,600 89,280 $ 208,320 100 % 30 % 70 Product Fragrant Loonzain 20% 32 % $ 124,000 100% $ 198,400 100 99,200 80% 109, 120 55 % $ 24,800 20 $ $ 89,280 4 5) Total 100 % $ 620,000 297,600 322,400 232,440 $ 89,960 100 % 48% 52 % Contribution margin Fixed expenses Net operating income Fixed expenses Dollar sales to break-even = CM ratio $232,440 0.52 = 5442.000 As shown by these data, net operating income is budgeted at $89,960 for the month and the estimated break-even sales is $447,000. Assume that actual sales for the month total $620,000 as planned. Actual sales by product are: White, $198,400; Fragrant, $248,000; and Loonzain, $173,600. Required: 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data

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