Problem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis [LO5-9] 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 Sales Variable expenses Contribution margin Fixed expenses Net operating income Product White 48% Fragrant 20% Loonzain 32% Total 100% $302,400 90,720 100% 30% $ 126,000 100,800 100% 80% $ 211,680 70% $ 25,200 20% $201,600 110,880 $ 90,720 100% $630,000 55% 302,400 100% 48% 45% 327,600 231,920 52% $ 95,680 Dollar sales to break-even- Fixed expenses/CM ratio $231,920/0.52 $446,000 As shown by these data, net operating income is budgeted at $95,680 for the month and the estimated break-even sales is $446,000. Assume that actual sales for the month total $630,000 as planned; however, actual sales by product are: White, $201,600; Fragrant, $252,000; and Loonzain, $176,400. 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. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limited Contribution Income Statement Product White Fragrant Loonzain Percentage of total sales % % % % % % % % % % % % Required 1 Required 2 > Total % % % % Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales < Required 1 Required 2