Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of
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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: Percentage of total sales Sales. Variable expenses Contribution margin Fixed expenses Net operating income. White 20% $ 150,000 108,000 $ 42,000 100% 72% 28% Product Fragrant 52% $ 390,000 78,000 $ 312,000 100% 20% 80% Loonzain 28% $ 210,000 84,000 $ 126,000 100% 40% 60% Total 100% $750,000 270,000 $ 480,000 449,280 $ 30,720 100% 36% 64%
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