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Gold Star Rice, Limited, of Thalland exports Thai 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, Limited, of Thalland 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. Dollar sales to break-even = Flxed expenses /CM ratio =5227,240/0.52=$437,000 As shown by these data, net operating income is budgeted at $89,960 for the month and the estimated break-even sales is $437,000. Assume that 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. 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. 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. Prepare a contribution format income statement for the month based on the actual sales data. Assume that 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 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. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)

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