Percentage of total sales Sales Variable expenses 48% $307,200 93,160 $ 215,040 Contribution margin Fixed expenses Net operating Income Product Miite fragrant 20% Loonzain 32% tutal 100% 100% 30% $128,000 102,400 100% $204,800 BOX 100% 70% $25,600 20% 112,648 $92,160 55% $640,000 307,200 100% 48% 45% 332,000 52% 231,400 $101,400 Dollar sales to break-even Fixed expenses/CM ratio $231,400/0.52 $445,000 As shown by these data, net operating income is budgeted at $101,400 for the month and the estimated break-even sales is $445,000 Assume that actual sales for the month total $640,000 as planned, however, actual sales by product are: White, $204,800, Fragrant, $256,000, and Loonzain, $179,200. 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.