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Gold Star Rice, Lid, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White Fragranit, and Loonzain Budgeted sales by product

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Gold Star Rice, Lid, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White Fragranit, and Loonzain Budgeted sales by product and in total for the coming month are shown below 325 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Het operating income White 48 % 5297,600 B9, 280 5208,320 Product Fragrant Loontain Total 20 % 1023 100% 5 124,000 100 % 198,400 100 15 629,000 99,200 80 x 109,120 55 297,600 70 % 24,800 20 X $ 89,280 322,400 229,840 $ 92,550 100 481 $23 Dollar sales to break-even Fixed expenses CM ratio $229,840 0.52 - 5442,000 As shown by these data, net operating income is budgeted at $92.560 for the month and the estimated break even soles 's 5442.000 Assume that actual sales for the month total $620000 as planned however, octual sales by product are White. $198.400, Fragrant. $248.000, and Loonzain $173,600 Required: 1. Prepare a contribution format income statement for the month based on the actual soles 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 Percentage of total sales Total Loon White $ Required 2 >

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