Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties...

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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 Fragrant (S) 52% Loonzain ($) White ($) Percentage of 20% total sales Actual Sales Variable 28% 150,000 108,000 390,000 78,000 210,000 84,000 expenses Budgeted Sales Fixed 300,000 180,000 270,000 449,280 expenses Requirements (a) Prepare contribution format income statement for the month based on budgeted sales. Also calculate overall breakeven point in revenue. (b) Prepare contribution format income statement for the month based on actual sales. Also calculate overall breakeven point in revenue using actual sales data. (c) Explain why the results of (a) and (b) are different despite the fact that company's total actual sales are same as of budgeted sales 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 Fragrant (S) 52% Loonzain ($) White ($) Percentage of 20% total sales Actual Sales Variable 28% 150,000 108,000 390,000 78,000 210,000 84,000 expenses Budgeted Sales Fixed 300,000 180,000 270,000 449,280 expenses Requirements (a) Prepare contribution format income statement for the month based on budgeted sales. Also calculate overall breakeven point in revenue. (b) Prepare contribution format income statement for the month based on actual sales. Also calculate overall breakeven point in revenue using actual sales data. (c) Explain why the results of (a) and (b) are different despite the fact that company's total actual sales are same as of budgeted sales