Plz help asap! Gold Star Rice, Ltd, of Thalland exports Thai rice...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Plz help asap!
Gold Star Rice, Ltd, of Thalland exports Thai rice throughout Asla. The company grows three varieties of rice-White, Fragrant, and Loonzaln. Budgered sales by product and in tohal for the coming month are shown below: Do1lar nalew to break-tven: =CHratioPisedakpenigt=0,521331,400=3443,060 As shown by these data, net operating income is budgeted at $137,800 for the month and the entimated break-even sales is $445,000 Assume that octual sales for the month total $710,000 as planned. 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 sblos data 2 Compute the breakeven point in dollar sales for the month based on yout actual data. Complete this question by antering your answers in the tabs below
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!