Gold Star Rice, Ltd. of Thailand exports That nice 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 43 $ 331,200 99/360 $ 231,340 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100 % 100% 30 % 70 % Product Fragrant Loonzain Total 20 32% 100% $ 130,00 100 $ $ 220, 800 100% $ 690,000 110,400 30 121 44 55 331,200 $ 27,600 20 $ $ 99,36 45% 358,800 231,400 $ 127,400 52 Dollar sales to break-even Fixed expenses CM ratio $231,400 0.52 $445.ee As shown by these dato, net operating income is budgeted at $127.400 for the month and the estimated break-even sales is $445,000 Assume that actual sales for the month total $690,000 as planned, however actual sales by product are: White $220.800: Fragrant $276,000, and Loonzain. $193,200. 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, Lid Contribution toon Statement Product Fragrant White Loonutan Percentage of total sales Total % % 5 O os 5 0 OS 0 os ON 5 Required 2 > Gold Star Rice, Ltd, of Thailand exports That 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 incone White 48 % $ 331,200 99,360 $ 231,840 100 % 30 % 70 % Fragrant 20 % $ 138,000 110,400 $ 27,600 Product Loonzain 32 X 100% $ 220, see 100 % 80 121,440 55% 20 % $ 99,360 45 % Total 100 % $ 690,000 331, 2ee 358, see 231,400 $ 127,4ee 100 % 48 % 52 % Dollar sales to break-even Fixed expenses CM ratio $231,400 0.52 $445.000 As shown by these data, net operating income is budgeted at $127.400 for the month and the estimated break-even sales is $445,000 Assume that actual sales for the month total $690.000 as planned; however, actual sales by product are White, $220,900, Fragrant $276,000, and Loonzain$193,200. 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 Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break even pous in dodara
