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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 Loontain $ 326,400 100 $ Fragrant 2e 136.000 188,800 27,200 100 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 03 5020 217.500 119.530 97,920 100 55 45 $ 650,000 325.000 353.500 $ 228,480 20 $ $ 20 $ $ 224,640 125.960 $ - Book Print Herences Dollar les to break 224,640 . 000 CHPatio As shown by these data net operating income is budgeted at $128.960 for the month and the estimated break-even sales is $432.000 Assume that actual sales for the month total 5680,000 as planned. Actual sales by product are: White. 217600: Fragrant 5272.000 and Loonzain, $190.400 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

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