Break-even point dollar sales?

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: Product White 48 % Fragrant 20% Loonzain 32 % Total 100 % Percentage of total sales Sales Variable expenses Contribution margin 302,400 100% $126,000 100% $201,600 100% $630,000 100% 48 % 30 % 80% 55 % 90,720 $ 211,680 100,800 110,888 302,400 327,608 229,328 $ 98,280 70 % $ 25,200 20% $. 90,720 45 % 52 % Fixed expenses Net operating income 229,320- $441,000 0.52 Fixed expenses Dollar sales to break-even CM ratio As shown by these data, net operating income is budgeted at $98,280 for the month and the estimated break-even sales is $441,000. Assume that actual sales for the month total $630,000 as planned. Actual sales by product are: White, $201,600; Fragrant, $252,000 and Loonzain, $176,400 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. 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 Fragrant White Loonzain Total Percentage of total sales Required 2 >