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: White 48% $ 312,000 93,600 $ 218,400 100% 30% Percentage of total sales Sales Variable expenses Contribution margin Fixed ex ses Net operating income Fragrant 20% $ 130,000 104,000 $ 26,000 Product Loonzain 32% 100% $ 208,000 80% 114,400 20% $ 93,600 100% 55% Tota. 100% $ 650,000 312,000 338,000 227,760 $ 110,240 70% 45% Dollar sales to break-even = Fixed expenses / CM ratio = $227,760 / 0.52 = $438,000 As shown by these data, net operating income is budgeted $438,000. $110,240 for the month and the estimated break-even sales is Assume that actual sales for the month total $650,000 as planned; however, actual sales by product are: White, $208,000; Fragrant, $260,000; and Loonzain, $182,000. 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