guys i just need some guide on 4 21 no. 3 question. please

no.2 pics is my solution for 1 and 2 question

PROBLEM 4-21 Sales Mix: Multiproduct Break-Even Analysis (L09) Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows varneties of nce-Fragrant, White, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Product Total White 20% 108,000 72% 78,000 20% 84,000 40% 270,000 36% 42.000 28% ssi2.000 80% $126,000 60% 480,000- 100% Percentage of total sales Sales Variable expenses Contribution margin... 52% 28% $150,000 100% s390,000 100% $210,000 100% S750.000 1009 449,280 30,720 Fixed expenses Net operating income _.. . Dollar sales to Fixed expenses $449280$702.000 break even CM ratio 0.64 As shown by these data, net operating income is budgeted at $30,720 for the month and break- even sales at $702,000 Assume that actual sales for the month total $750,000 as planned. Actual sales by product are: White,$300,000, Fragrant, $180,000; and Loonzain, $270,000 Required 1. Prepare a contribution format income statement for the month based on actual sales data. Present the income statement in the format shown above. Compute the break-even point in dollar sales for the month based on your actual data. Considering the fact that the company met its $750,000 sales budget for the month, the pres- ident is shocked at the results shown on your income statement in (1) above. Prepare a brief memo for the president explaining why both the operating results and the break-even point in dollar sales are different from what was budgeted 2 3. PROBLEM 4-22 Ba sics of CVP Analysis; Cost Structure L01, LO 3, LO4, Los, L0561