Problem 5-21 Sales Mix; Multiproduct Break-Even Analysis [LO5-9] Gold Star Rice, Ltd., 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 48 % Fragrant 20 % Loonzain 32 % Total 100 % Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income $350,400 105,120 245,280 100% $146,000 116,800 70% $ 29,200 100% $233,600 128,480 20% $ 105,120 100% $730,000 350,400 379,600 226,720 $ 152,880 100% 48 % 52 % 30 80 % Fixed expenses CM ratio $226,720 -- Dollar sales to break-even $436,000 0.52 As shown by these data, net operating income is budgeted at $152,880 for the month and the estimated break-even sales is $436,000 Assume that actual sales for the month total $730,000 as planned. Actual sales by product are: White, $233,600; Fragrant, $292,000; and Loonzain, $204,400. 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 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