Check 1 Gold Star Rice, Ltd., 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: Product White Fragrant Loonzain Total Percentage of total sales 48 20 32 100 Sales $360,000 100 $150,000 100 $ 240,000 100 $750,000 100 Variable expenses 108,000 30 120,000 132,000 55 360,000 Contribution margin $ 252,000 708 $ 30,000 20 $100,000 390,000 52 Fixed expenses 224,640 Net operating income $ 165,360 BO 48 CH ratio 0.52 Dollar sales to break-even - Fixed expenses $224,640 $432,000 As shown by these data, net operating income is budgeted at $165,360 for the month and the estimated break-even sales is $432,000. Assume that actual sales for the month total $750,000 as planned; however, actual sales by product are: White, $240,000; Fragrant, $300,000; and Loonzain, $210,000, 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. 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. Prey Next >