Save Ch Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis (LO5-9) Gold Star Rice, Ltd., 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: Percentage of total sales Sales Variable expenses Contribution margin frixed expenses Net operating income White 48 % $ 369,600 110,880 $ 258,720 100 % 30 % 70 % Fragrant 20 % $ 154,000 123,200 $ 30,800 Product Loonzain 32 % 100 % $ 246,400 100 % 80 % 135,520 55 % 20 % $ 110,880 45 % Total 100 % $ 770,000 369,600 400,400 231,920 $ 168,480 100 % 48 % 52 % Dollar sales to break-even Fixed expenses CM ratio $231,920 0.52 = $446,000 As shown by these data, net operating income is budgeted at $168,480 for the month and the estimated break-even sales is $446.000. Assume that actual sales for the month total $770,000 as planned; however, actual sales by product are: White, $246,400; Fragrant, $308,000, and Loonzain, $215,600. 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. Contratau. nur! ..hola... DUO,000, and Loonzain, D215,0UU. 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. Complete this question by entering your answers in the tabs below. 6 Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Ltd. Contribution Income Statement Product White Fragrant Percentage of total sales Loonzain 28 % % % Total 100% Sales % % 100% Variable expenses Contribution margin % % % 0 % 96 S 0 01% $ 0 % 0 % S 0 0 100 % Fixed expenses Net operating income S Required 2 > Saved Help 10 As shown by these data, net operating income is budgeted at $168,480 for the month and the estimated break-even sales is $446,000. Assume that actual sales for the month total $770,000 as planned; however, actual sales by product are: White, $246,400; Fragrant, $308,000, and Loonzain, $215,600. Sints 8 01:51:10 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