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. Fragrant 20 % Loonzain 32 % Tot Percentage of total sales Sales Variable expenses contribution margin Fixed expenses Net operating income 48% 100 % $302,400 100 $126,000 100 %$201,600 100 % $630,000 100 % 90120 30 % 100,800 80 % 110,880 55 % 302.400 48 % $211,680 70% $25,200 20 % $90,720 45 327,600 52 % 230,360 $ 97,240 Dollar sales to break-_ Fixed expenses = $230,360 = $443,000 even CM ratio 0.52 As shown by these data, net operating income is budgeted at $97.240 for the month and the estimated break-even sales is $443,000 Assume that actual sales for the month total $630,000 as planned. 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