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 48% $ 316,800 95,040 $ 221,760 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Product Fragrant 20% $ 132,000 100% 105, 600 80% $ 26,400 20% 100% 30% 70% 10 Loonzain 32% $ 211, 200 100% 116,160 55% $ 95,040 45% Total 100% $ 660.000 316,800 343, 200 233, 480 $ 109, 720 Dollar sales to break-even Fixed expenses CM ratio . $233,480 0.52 - $449.000 As shown by these data, net operating income is budgeted at $109,720 for the month and the estimated break-even sales is $449,000. Assume that actual sales for the month total $660,000 as planned. Actual sales by product are: White, $211,200; Fragrant, $264,000; and Loonzain, $184,800. 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. Required 1 | Required 2