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Gold Star Rice, Ltd., of Thailand exports Thal rice throughout Asia. The company grows three varieties of rice-White, FragranWhite Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant 304.000 % S 243,200 100 % 80.800 Ⓡ 80 % 182.400 20

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White Fragrant Loonzain Total
Percentage of total sales 32% 40% 28% 100%
Sales 243200 100% 304000 100% 212800 100% 760000 100%
Variable cost 72960 30% 243200 80% 117040 55% 433200 57%
Contribution margin 170240 70% 60800 20% 95760 45% 326800 43%
Fixed expense 228280
Net operating income 98520
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