Check my work Problem 6-21 Sales Mix; Multiproduct Break-Even Analysis (LO6-9] m. 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: 2.85 points eBook white 48% $ 340,800 102,240 $ 238,560 Percentage of total sales Sales variable expenses Contribution margin Fixed expenses Net operating income Product Fragrant 20% $ 142,000 1003 113,600 80% $ 28,400 20 100% 30 70% Print Loonzain 32% $ 227,200 1002 124,960 55% $ 102,240 45% Total 100% $ 710,000 340,800 369,200 226, 720 $ 142.480 100% 488 528 References Dollar sales to break-even Fixed expenses CM ratio $226,720 0.52 -$436,000 As shown by these data, net operating income is budgeted at $142,480 for the month and the estimated break-even sales is $436,000. Assume that actual sales for the month total $710,000 as planned. Actual sales by product are: White, $227,200; Fragrant, $284,000; and Loonzain, $198,800. 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. Check my work 3 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. 2.85 points Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Print References 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 > 3 P450,VUU. Assume that actual sales for the month total $710,000 as planned. Actual sales by product are: White, $227,200; Fragrant, $284,000; and Loonzain, $198,800. 2.85 points 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. eBook Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales
