Problem 5-21 Sales Mix; Multiproduct Break-Even Analysis (LO5-9) Gold Star Rice, Ltd., of Thailand exports Thal 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 White 48 $ 312,000 93,600 $ 218,400 100 30 70. Product Fragrant Loonzain 20 32. $ 130,000 100 $ 200,000 100 104,000 80 114,400 55 $ 26,000 20. $ 93,600 45 Total 100 $ 650,000 312,000 338,000 224,640 $ 113,360 1008 48 528 Dollar sales to break-even Fixed expenses $ 224,640 $432,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $113,360 for the month and the estimated break-even sales is $432,000. Assume that actual sales for the month total $650,000 as planned. 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. 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, Ltd. Contribution Income Statement Product Fragrant % White Loonzain Total Percentage of total sales % % % % % % % % % % % % % % % Required Required 2 > Check my work As shown by these data, net operating income is budgeted at $113,360 for the month and the estimated break-even sales is $432,000. Assume that actual sales for the month total $650,000 as planned. 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. ok Complete this question by entering your answers in the tabs below. nt ances Required 1 Required 2 Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales