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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. White Fragrant Loontain Total 10 $ 100% Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 350,400 105, 120 3 245, 280 $ 1 $ 146,000 16. 29, 200 100% E 200 $ 233,680 128,488 $ 105,120 100% 552 45% $ 78 $ 730,000 350.400 379,600 229,320 $ 150, 280 Dollar sales to break-even Fixed expenses CH ratio $229,320 - = $441,000 0.52 As shown by these data, net operating income is budgeted at $150,280 for the month and the estimated break-even sales is $441,000. Assume that actual sales for the month total $730,000 as planned. Actual sales by product are: White. $233,600; Fragrant, $292.000: and Loonzain, $204,400. 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 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 Loonzain Total Percentage of total sales Sales Variable expenses Contribution margin Fored expenses Net operating income 0 0% $ 0 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) Break-even point in dollar sales

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