Question: please explain this question step by step with formulas and thorough explanation Gold Star Rice, Limited, of Thanland exports Tha nce throughout Asia. The company


Gold Star Rice, Limited, of Thanland exports Tha nce throughout Asia. The company grows three vaneties of nce-White, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below. Dollar sates to break-even = Fixed expensesi CM rato =$229,32010,52 = $441,000 As shown by these data, net operating income is budgeted at $93,080 for the month and the estimated break even sales is $441000 Assume that actual saies for the month totai $620,000 as planned, however, actuat saies by product are: Whee, $198,400, Fragrant, 5248,000; and toonzain, $173,600 Required: 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the breakeven point in dollar saies for the month based on your actual data. Complete this questioe by entering your answers in the tabs below. Prepare a contribution focmat income statement for the month based on the actual sales data. Wunar sares to preakeven w Fined expenses. CM ratio =$2.29,3201052=$441.000 As shown by these data, net operating income is bucgeted at $93,080 for the month and the estimatcd break-even saies 15.54t000 Assume that actual caies for the month fotar 5620,000 as planned, however, actuat sales by product are White, 5198,400 ; Fiagrant. \$2.48000: and Loonzain, 5173,600 Required: 1 Prepare a contribution format income staterient for the month based on the actubl sales cana. 2. Compute the break-even point an dolar sales for the month based on your actual data Complete this question by entering your answers in the tobs below. Prepare a cente bution farmat incume statement for the month based on the actual sales data. pontar sales to break-even = Fixed expensesicM ratio =$229,32000.52=$441,000 As shown by these data, net operating income is budgeted at $93.080 for the month and the esumated break-even sales is $441.000 : Acsume that actual sales for the month total 5620,000 as planned, however, actuat sales by product are White, 5198,400 : Fragrant: $248,000 and Loonzain, 5173,600 Required: 1. Prepare a contribution format income statement for the month based on the actuat saies dana. 2. Compute the break-even point in dollar sales for the month based on your actual oata. Complete this question by entering your answers in the tabs below. Compute the break-even peint in doltar sales for the month based on your actual data. (0o not round litermodiate calculations' found your answar to the nearest whole dollar amount.)
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