Ch 5 HW Save Help Save & Exit Submit Check my work 2 Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis (LO5-9) 6.66 points Gold Star Rice, Limited. 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. 8 04:42:38 Book Print Product White Fragrant Loonza in Total Percentage of total sales 489 205 324 100% Sales $ 345,600 1004 $144,000 1084 $ 230,400 100% $ 720,000 Variable expenses 103,689 301 115,200 809 126, 720 55 345,600 Contribution margin $ 241,920 70 $ 28,800 289 $ 103,680 45 374,400 Fixed expenses 229,840 Net operating income $ 144,560 Dollar sales to break-even = Fixed expenses/CM ratio = $229,840/0.52 - $442.000 As shown by these data, net operating income is budgeted at $144,560 for the month and the estimated break-even sales is $442.000 Assume that actual sales for the month total $720.000 as planned, however actual sales by product are: White. $230.400 Fragrant. $288.000, and Loonzain $201.600 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. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format Income statement for the month based on the actual sales data. Gold Star Rio, Limited Contribution Income Statement Product White Fragrant Loonzain Percentage of total sales % % % $ 0 055 0 0 % Total % % X % 0 $ 0 0 ols 5 0 Required 2 > Check my work 2 Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis (LO5-9) 6.66 points 8 04:12:31 Book Print Gold Star Rice, Limited, 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. Product White Fragrant Loonza in Total Percentage of total sales 484 204 32 1001 Sales $ 345,600 1004 $144,000 1084 $ 230,400 1894 $ 720,000 Variable expenses 103,680 309 115,200 884 126,720 55 345,600 Contribution margin $ 241,920 704 $ 28,800 209 $ 183,680 455 374,400 Fixed expenses 229,848 Net operating income $ 144,560 Dollar sales to break-even = Fixed expenses/CM ratio = $229,840/0.52 = $442,000 As shown by these data, net operating income is budgeted at $144,560 for the month and the estimated break-even sales is $442,000 Assume that actual sales for the month total $720.000 as planned, however, actual sales by product are White, $230.400 Fragrant. $288.000; and Loonzain. $201,600 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. References Complete this question by entering your answers in the tabs below. Required 1 Required 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