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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

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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: Dollarsalestobreak-even=CMratioPixedexpenses=0.52$228,800=$440,000 As shown by these data, net operating income is budgeted at $119,600 for the month and the estimated break-even sales is $440,000. Assume that actual sales for the month total $670,000 as planned. Actual sales by product are: White, $214,400; Fragrant, $268,000; and Loonzain, $187,600. Required: 1. Prepare a contribution format income statement for the month based on the actuol 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. 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. Prepare a contribution format income statement for the month based on the actual sales data. Dollarsalestobreak-even=CHratioFixedexpenses=0.52$228,800=$440,000 As shown by these data, net operating income is budgeted at $119,600 for the month and the estimated break-even sales is $440,000. Assume that actual sales for the month total $670,000 as planned. Actual sales by product are: White, $214,400; Fragrant, $268,000; and Loonzain, $187,600. 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. (Round your answer to the nearest Whole dollar amount.)

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