Question: Please explain how you got each answer Gold Star Rice, Ltd.of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceFragrant, White,


Please explain how you got each answer
Gold Star Rice, Ltd.of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceFragrant, White, and Loonzain. Budgeted sales by product and in total for the coming month are shown below Product Fragrant Total 100% $ 326,400 100% $ 136,000 100% $217,600 100% $ 680,000 100% 97,920 30% 108,800 80% 119,680 55% 326400 48% White 48% 20% Percentage of total sales Sales Variable expenses 32% $ 228,480 70% S 27,200 20% $ 97 920 45% Contribution margin Fixed expenses 353,600 52% 232,960 Net operating income S 120,640 Fixed expenses Dollar sales to break even $232,960 $448,000 CM ratio As shown by these data, net operating income is budgeted at $120,640 for the month and break even sales at $448,000. Assume that actual sales for the month total $600,000 as planned. Actual sales by product are white, $217,600, Fragrant$272,000, and Loonzain, S190,400
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