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Problem 5-21A Sales Mix; Multiproduct Break-Even Analysis [LO5-9] -2-2 http://ezto.mhedu Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice Fragrant, White, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Product White Perce ntage of total sales Sales 48% $ Varia ble expens es Contri bution margin 292,800 87,840 $ 204,960 100% $ Fragrant Loonzain 20% 32% 122,000 100% 30% 97,600 80% 70% $ 24,400 20% $ 195,200 107,360 $ 87,840 Total 100% 100% 55% 45% Fixed expens es 610,000 292,800 317,200 227,240 Net operati ng income Dollar sales to break even $ $ 89,960 = Fixed expenses CM ratio = $227,240 0.52 = $437,000 As shown by these data, net operating income is budgeted at $89,960 for the month and break even sales at $437,000. Assume that actual sales for the month total $610,000 as planned. Actual sales by product are: White, $195,200; Fragrant, $244,000; and Loonzain, $170,800. Required: 1. Prepare a contribution format income statement for the month based on actual sales data. 100% 48% 52% "}:"n"ioptriscdeb_ta,"{}":62"_],[0 test 13252704665818 2. Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to nearest whole dollar.) }""":ontiipcres_dab"t},:{2"_6,"0]: test 13252704665818