Problem 6-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis [LO6-9] 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: Percentage of total sales Sales Variable expenses Contribution margin Fixed expenees Net operating incone mite 48% Product Fragrant 201 Loonanin 32% Total 100% 331,200 99,360 100% 30% $ 138,000 231,040, 70% 110,400 $ 27,600 100% HON 220,800 121,440 100% 558 $690,000 331,200 100% 48 20% $ 99,360 45 5358,800 526 229,40 120.960 Dollar sales to break-even Fixed expenses/CM ratio $229,840/0.52 $442.000 As shown by these data, net operating income is budgeted at $128,960 for the month and the estimated break-even sales is $442,000 Assume that actual sales for the month total $690,000 as planned; however, actual sales by product are: White, $220,800, Fragrant, $276,000; and Loonzain, $193,200. 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