Question: please help prepare the contribution statement Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrant


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 fotal for the coming month are shown below Dollar sales to breakeven = Foxed expenses /CM ratio =$231.920/0.52=$446.000 As shown by these data, net operating income is budgeted at $126,880 for the month and the estimated break-even sales is 5446,000 Assume that actual sales for the month total $690.000 as planned; howevet, actual sales by product are White, $220.800 : Fragrant. 5276,000 , and Loonzain, 5193,200 Required: 1. Prepare a contribution format income statement for the month based on the actual sales data 2. Compute the breakeven point in dollar sales for the month based on your actual dato. Complete this question by entering your answers in the tabs below. Trepare a contribution format inceme statement for the month based on the actual sales data. ompute the break-even point in dollar sales for the month based on your actual data. (Do not round interinediate alculations. Round your answer to the nearest whole dollar amount.) 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 fotal for the coming month are shown below Dollar sales to breakeven = Foxed expenses /CM ratio =$231.920/0.52=$446.000 As shown by these data, net operating income is budgeted at $126,880 for the month and the estimated break-even sales is 5446,000 Assume that actual sales for the month total $690.000 as planned; howevet, actual sales by product are White, $220.800 : Fragrant. 5276,000 , and Loonzain, 5193,200 Required: 1. Prepare a contribution format income statement for the month based on the actual sales data 2. Compute the breakeven point in dollar sales for the month based on your actual dato. Complete this question by entering your answers in the tabs below. Trepare a contribution format inceme statement for the month based on the actual sales data. ompute the break-even point in dollar sales for the month based on your actual data. (Do not round interinediate alculations. Round your answer to the nearest whole dollar amount.)
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