232 Chapter 5 [LOs-91 PROBLEM 5-21A Sales Mix; Multiproduct Break-Even Analysis 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 Fragrant 52% $300,000 Loonzain 28% $210,000 Total 100% $750,000 White Percentage of total sales Sales. .. Variable expenses Contribution margin 20% $150,000 100% 100% 100% 100% 108,000 72% 78,000 20% 84,000 40% 270,000 36% $42.000 28% S3 12,000 80% $126,000 60% 480,000 64% 449,280 $ 30,720 Net operating income . Dollar sales to Fixed expenses $449,280 break even CM ratio 0.64 3702,000 sales at $702,000. 300,000; Fragrant, $180,000: and Loonzain, $270,000. Required: As shown by these data, net operating income is budgeted at $30,720 for the month and break-even Assume that actual sales for the month total $750,000 as planned. Actual sales by product are: White. 1. Prepa re a contribution format income statement for the month based on actual sales data. Present t he income statement in the format shown above. Compute the break-even point in dollar sales for the month based on your actual data. Considering the fact that the company met its $750,000 sales budget for the month, the shocked at the results shown on your income statement in (1) above. Prepare a brief memo 2. 3. president explaining why hoth the operating results and the break-even point in dollar sales n for the different from what was budgeted