question 1 : prepare a format income statement for the month based on the actual sales data

Problem 5-21 (Static) Sales Mix; Multiproduct Break-Even Analysis (LO5-9) Gold Star Rice, Limited, of Thailand exports Thal 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: 1000 360 660 Product White Tragrant Loonaain Total Percentage of total sales 200 520 200 100 Sales 5 150.000 1008 $ 390,000 1000 $ 210,000 1008 $750,000 Variable expenne 100.000 728 70.000 200 84.000 401 270.000 Contribution margin $42.000 200 312,000 001 5 126.000 608 400,000 Fixed expenses Het operating income $ 30,720 Dollar sales to break-even Fixed expenses/CM ratio - 5449,280/064 - $702,000 As shown by these dato, net operating income is budgeted at $30,720 for the month and the estimated break even sales is $702,000, Assume that actual sales for the month total $750,000 as planned, however, actual soles by product are White, $300,000; Fragrant, $180,000, and Loonzain, $270,000 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 Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual sales data. White Loonzain Percentage of total salos Gold Star Rice, Limited Contribution Income Statement Product Fragrant % % % % % 0 % $ 0 0% $ Total % % % % % % % 0 % $ 0 0 0 % 0 $ 0 Rent Required 2 >