Problem 5-21A 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-Fragrant, White, and Loonzain. Budgeted sales by product and in total for the coming month are shown below: Product White Total Fragrant Loonzain 48% 100% Percentage of total sales 20% 32% 297,600 100% 124,000 100% 198,400 100% $620,000 100% Sales Variable expenses 89,280 30% 99,200 80% 109,120 55% 297.600 48% 208,320 70% 24,800 20% 89,280 45% 322,400 52% Contribution margin Fixed expenses 232,960 89,440 Net operating income Fixed expenses Dollar sales to break even $232,960 $448,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $89,440 for the month and break even sales at $448,000. Assume that actual sales for the month total $620,000 as planned. Actual sales by product are: White, $198,400; Fragrant, $248,000; and Loonzain, $173,600