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Gold Star Rice, Ltd., of Thalland exports Thai rice throughout Asia. The company grows three varleties of rice-White, Fragrant, and Loonzain. Budgeted sales by product

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Gold Star Rice, Ltd., of Thalland exports Thai rice throughout Asia. The company grows three varleties of rice-White, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Doliar sales to break-even =CMratioFixedexpenses=0.52$228,800=$440,000 As shown by these data, net operating income is budgeted at $124,800 for the month and the estimated break-even sales is $440,000 Assume that actual sales for the month total $680,000 as planned, Actual sales by product are: White, $217,600; Fragrant, $272,000 : 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. Complete this question by entering your answers in the tabs below

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