joj Sales Mix; Multiproduct Break-Even Analysis [LO6-9] Gold Star Rice, Limited, of Thailand exports Thai 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 Variable expenses Contribution margin Fixed expens Het operating Inco Dollar sales to break-even - Fixed expenses/CM ratio = $229,840/0.52 $442,000 White 48 Product Fragrant 201 Loonzain 324 $331,200 99,360 $231,840 100% 30% $ 138,000 110,400 100% 90% $220,00 121,440 100% 55% Total 100% $690,000 100% 331-300 70% $27,600 20% $99,340 658 350,000 229,840 52 $128,960 As shown by these data, net operating income is budgeted at $128,960 for the month and the estimated break-even sales is $442,000 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.