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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

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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 income White 48 % $ 312,000 93,600 $ 218,400 Product Fragrant Loonzain Total 28 % 32% 100 % 100 % $ 130,000 100 % $ 208, ege 100 % $ 65e,ese 38% 184, cee 89% 114,400 55 % 312.ee 70% $ 26, eee 20% $ 93,600 45 % 338,000 239,880 $ 107, 120 100 % 48 % 52% Dollar sales to break-even Fixed expenses CM ratio $230,00 8.52 = $444,000 mes As shown by these data, net operating income is budgeted at $107,120 for the month and the estimated break-even sales is $444,000. Assume that actual sales for the month total $650,000 as planned, however, actual sales by product are: White, $208.000: Fragrant $260.000: and Loonzain. $182.000. 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 Required: 2 Prepare a contribution format income statement for the month based on the actual sales data: Gold Star Rice, Ltd Contribution Income Statement Product Fragrant White Loontain Total Parcentage of Prey NON >

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