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: Product White Fragrant Loonzain Total Percentage of total sales 488 208 328 1008 Sales $ 302, 400 1008 $ 126,000 1008 $ 201, 600 1008 $ 630,000 1008 Variable expenses 90, 720 308 100 , 800 80$ 110, 880 302, 400 488 Contribution margin $ 211, 680 708 $ 25, 200 208 $ 90, 720 458 327, 600 528 Fixed expenses 228, 280 Net operating income $ 99, 320 Dollar sales to break-even = Fixed expenses / CM ratio = $228,280 / 0.52 = $439,000 As shown by these data, net operating income is budgeted at $99,320 for the month and the estimated break-even sales is $439,000. 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. 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 Total Percentage of total sales 1% % % % JUN