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Complete attached assignment from chapter 5 and 6
PowerPoint chapter 5
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Book: Brewer, P. C. Garrison, R.H., & Noreen, E. W. (2016). Introduction to Managerial Accounting (7th ed.). New York: McGraw-Hill/Irwin. ISBN-978-0-07-802579-2
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Running head: ACCOUNTING ASSIGNMENT
Accounting Assignment
Name
Course
Tutor
Date
ACCOUNTING ASSIGNMENT
2
Accounting Assignment
PROBLEM 5-21A
Question 1
GOLD STAR RICE, LTD
Revenue
CONTRIBUTION MARGIN INCOME STATEMENT
$
$
Sales
White
Fragrant
Loonzain
150, 000
390, 000
210, 000
750, 000
Less: Variable Costs
White
Fragrant
Loonzain
108, 000
78, 000
84, 000
270, 000
Contribution MArgin
White
Fragrant
Loonzain
42, 000
312, 000
126, 000
480, 000
Less: Fixed Costs
Net Operating Income
Question 2
Break-even Point= Fixed Expenses ÷ Contribution Margin Percen...