please help
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
$164,840 for the month and the estimated break-even sales is $443,000. Assume actual sales for
the month total $760,000 as planned; however, actual sales by product are White, $243,200;
Fragrant, $304,000; and Loonzain, $212,800. Required: 1. Prepare a contribution format income
statement for the month based on the actual sales data. 2. Compute the break-even point in 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.
Complete this question by entering your answers in the tabs below. Compute the break-even
point in dollar sales for the month based on your actual data. Note: Do not round intermediate
calculations. Round your answer to the nearest whole dollar amount.
