omework Saved Gold Star Rice, Ltd., 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: Product White Loonzain Fragrant Total Percentage of total sales Sales 48% $374,400 20% 1e0 % $156,e00 124,800 7e% 31, 200 32% 1e0 % 1ee% $249,600 137,28e 100% $78e.ee0 100 % Variable expenses 112,320 3e % 8e% 55% 374,40e 48 % Contribution margin $262,08e 20% $112,320 45% 52 % 405,600 Fixed expenses 233,480 Net operating income $172,120 ces Dollar sales to break- Fixed expenses CM ratio $233.480 $449,000 e.52 even As shown by these data, net operating income is budgeted at $172.120 for the month and the estimated break-even sales is $449,000. Assume that actual sales for the month total $780,000 as planned. Actual sales by product are: White, $249,600; Fragrant, $312,000: and Loonzain, $218,400. 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. your answers in the tabs below Complete this question by entering Required 2 Required 1 3 of 4 Next>