Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Product White 48% Fragrant 20% Loonzain 32% $331,200 100% $ 138,000 99,360 30% 110,400 100% 80% $ 220,800 121,440 100% 55% Total 100% $ 690,000 100% 331,200 48% $ 231,840 70% $ 27,600 20% $ 99,360 45% 358,800 52% 226,200 $ 132,600 Dollar sales to break-even Fixed expenses / CM ratio = $226,200/0.52 = $435,000 As shown by these data, net operating Income is budgeted at $132,600 for the month and the estimated break-even sales is $435.000 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