Question: this problem has multiple parts please answer all. thank you 1 Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows

this problem has multiple parts please answer all. thank you this problem has multiple parts please answer all. thank you 1 Gold

Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company

1 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: White 6 points Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Product Fragrant Loonzain Total 48 % 20 % 32% 100% $340, 800 100 % $142,000 100% $227,200 100% $710,000 100% 102, 240 30% 113,600 80% 124,960 55% 340,800 48% $238,560 70 % $ 28,400 20% $102,240 45% 369,200 52% 232,960 $136,240 eBook Reference Dollar sales to break-even Fixed expenses CM ratio = $232,960 = 0.52 $448,000 As shown by these data, net operating income is budgeted at $136,240 for the month and the estimated break-even sales is $448,000. Assume that actual sales for the month total $710,000 as planned; however, actual sales by product are: White, $227,200; Fragrant, $284,000; and Loonzain, $198,800. Required: 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant Loonzain White Total Percentage of total sales % % % % % % % % % % % % % % % % Required 1 Required 2 > Required Required 1 2 Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales

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