Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrar Loonzain. Budgeted sales by product and in total for the coming month are shown below: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 61 40 White 48% $ 292,800 87,840 $ 204,960 ******** Loonzain 32% $ 195,200 107,360 $ 87,840 100% 55% 45% 96 @ Total 100% 60F $ 610,000 292,800 317, 200 228,280 $ 88,920 172

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. Compute the break-even point in dollar sales for the month based on your actual data. Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount. Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragra Loonzain. Budgeted sales by product and in total for the coming month are shown below: Dollar sales to break-even = Fixed expenses CM ratio =$228.280+0.52=$439.000 As shown by these data, net operating income is budgeted at $88,920 for the month and the estimated break-even sales is $439 Assume actual sales for the month total $610,000 as planned; however, actual sales by product are White, $195,200, Fragrant, $244,000, and Loonzain, $170,800. Prepare a contribution format income statement for the month based on the actual sales data