Gold Star Rice, Ltd., of Thailand exports Thal 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 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48% 5 369,600 110,880 5 258, 720 100% 3ex 78% Product Fragrant 20% $ 154,000 100% 123,200 BOX $ 30,800 20% Loonzain 32% $ 246,480 100% 135,520 55% $ 112,880 45% Total 100% $ 779,800 369,600 400,400 231,920 $ 168,480 1881 48% 52% Dollar sales to break-even Fixed expenses CH ratio $231,920 0.52 - $446,000 As shown by these data, net income is budgeted at $168,480 for the month and the estimated break even sales is $446,000 Assume that actual sales for the month total $770,000 as planned. Actual sales by product are White 5246,400, Fragrant, $308,000, and Loonzain, $215,600 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. Required) 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 White Fragrant Loonzain Total As shown by these data, net operating income is budgeted at $168.480 for the month and the estimated break even sales is $446,000 Assume that actual sales for the month total $770,000 as planned. Actual sales by product are: White. $246,400, Fragrant, $308,000, and Loonzain, 5215,600 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. 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 % > 05 % % 0 % 5 0 0 05 0 0 0 % s 0 Required 2 > Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income White 48% $369,600 110,880 $ 258,720 100% 3ex 70% Product Fragrant 2ex $ 154,000 123,200 $ 30,880 100% Ber 2ex Loonzain 32% $ 246,400 100% 135,520 55% $ 110,880 45% Total 100% $ 770,000 369,68 400,400 231,920 $ 168,450 100% 484 52% Dollar sales to break-even Fixed expenses CH ratio $231,920 0.52 $446,000 As shown by these data, net operating income is budgeted at $168,480 for the month and the estimated break even sales is $446,000. Assume that actual sales for the month total $770,000 as planned. Actual sales by product are White, $246,400 Fragrant $308,000 and Loonzain, $215,600 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. Required: 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
