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 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Met operating income $ 121,600 96,400 $225, 120 Product Fragrant 20% 3 134,000 100% 107,200 set $ 26,800 2e4 100% 30% 70% Loonzain 322 $ 214,400 100% 117,920 55% $ 96,480 458 Total 1eex S670, eee 321,6ee 340,400 232,440 $ 115,960 10 48% 52% 5232,440 Fixed expenses ol ratio - $447,000 Dollar sales to break-even As shown by these data, net operating income is budgeted at $115,960 for the month and the estimated break-even sales is $447.000, Asume wat actual sales for the month total $670,000 as planned. Actual sales by product are: White, $214,400, Fragrant. $268,opo, and Loontain $187600 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. e contibution format income statement for month based on the actual sales data Gold Star loce. 1 d Contration Income Statement Product pant Loon Total N 16 5 0 5 0 095 0 ON Sold Star Rice, Ltd. of Thailand exports Thal nice throughout Asia. The company grows three varieties of nice-White, Fragrant, and oonzaln Budgeted sales by product and in total for the coming month are shown below. Product Fragrant White 2et Percentage of total sales Sales Variable expenses Contribution margin Fred penses met operating income 1eet sex 70% 100% sex $ 321,6ee 96,480 $225,120 $ 114,000 107,200 $ 26,800 Loonzain 32% $ 214,400 100% 117,92 55% $ 96,480 45% Total 100% $ 670, eee 321,600 348,400 232,440 $ 115,960 100% 484 52% 20% Dollar sules to break-even Fixed expenses of ratio $232,440 0.52 $447,600 As shown by these data, net operating income is budgeted at $115,960 for the month and the estimated break-even sales is $447,000. Aware that actual sales for the month total $670,000 as planned. Actual sales by product are White S214,400; Fragrant. $268,000 and Loonzain, $187.500 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. Damote the break even point in dollar sales for the month based on your actual data. (Round your answer to the nearest dar amount)
