Check my work 4 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: White 488 $ 350,400 105,120 $ 245,280 100 30 700 Product Fragrant Loonzain 20 32 $ 146,000 100 $ 233,600 100 % 116,800 808 128, 480 55% $ 29, 200 208 $ 105,120 45% Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Total 100% $ 730,000 350,400 379,600 227,760 $ 151,840 1008 48 % 52 Fixed expenses CM ratio $227,760 0.52 = $438,000 Dollar sales to break-even As shown by these data, net operating income is budgeted at $151,840 for the month and the estimated break-even sales is $438,000. Assume that actual sales for the month total $730,000 as planned; however, actual sales by product are: White, $233,600; Fragrant, $292.000; and Loonzain, $204,400. 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, AL - At- Mc Graw Hill Saved Quiz - Chapter 5 Check my work 4 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 Total Loonzain % % Percentage of total sales % % % % % % % % Required Required 2 > AN nou 4. As shown by these data, net operating income is budgeted at $151,840 for the month and the estimated break-even sales is $438, Assume that actual sales for the month total $730,000 as planned; however, actual sales by product are: White, $233,600; Fragrane $292,000; and Loonzain, $204,400. 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 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