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

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Gold Star Rice, Lid., 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: 100 White 48 $ 379,200 113,760 $ 265,440 Product Fragrant Loonzain 205 32 100 $ 158,000 100 $ 252,800 100 30 126,400 BO 139,040 55 70 8 5 31,600 20 $ 113,760 45 Percentage of total sales Sales Variable expenses Contribution margin Tixed expenses Set operating income 48 Total 100. $ 790,000 379,200 410,800 223,600 $ 187,200 52 Fixed expenses Dollar sales to break-even $223,600 - $430,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $187.200 for the month and the estimated break-even sales is $430,000 Assume that actual sales for the month total $790,000 as planned; however, actual sales by product are: White, $252,800, Fragrant, $316,000, and Loonzain, $221,200. 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 soles 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 Loontain Total %6 Percentage of the %

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