Problem 2-21(Algo) Sales Mix; Multiproduct Break-Even Analysis [LO2-9] Gold Star Rice, Limited, of...

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Problem 2-21(Algo) Sales Mix; Multiproduct Break-Even Analysis [LO2-9]
Gold Star Rice, Limited, 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:
Dollar sales to break-even = Fixed expenses CM ratio =$230,3600.52=$443,000
As shown by these data, net operating income is budgeted at $123,240 for the month and the estimated break-even sales is
$443,000.
Assume that actual sales for the month total $680,000 as planned; however, actual sales by product are: White, $217,600; Fragrant,
$272,000; and Loonzain, $190,400.
Required:
Prepare a contribution format income statement for the month based on the actual sales data.
Compute the break-even point 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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