Question: This is all one question :) Thanks ! Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of


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: Product Fragrant 20% $ White 48 364,880 109.440 255,360 $ $ Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 100% 30% 70% 152,000 121,600 30,480 Loonzain 32% 243,200 133,760 109,440 100% 80% 20% 100% 55% 45% Total 109% 760,000 364,800 395,200 227,240 167,960 100% 48% 52% $ $ $ $ Dollar sales to break-even -- Fixed expenses CM ratio . $227,240 - $437,000 As shown by these data, net operating income is budgeted at $167.560 for the month and the estimated break-even sales is $437,000. Assume that actual sales for the month total $760,000 as planned. Actual sales by product are: White, $243,200; Fragrant, $304,000, and Loonzain. $212,800. Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Ltd. Contribution Income Statement R Product Fragrant White Total Percentage of total sales 0% s 01% 0 0% Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales
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