Problem 6-21 Sales Mix; Multiproduct Break-Even Analysis (L06-9] 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: $ White 48% 307,200 92,160 215,040 $ Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income $ Product Fragrant 20% 128,000 102,400 25,600 100% 30% 70% $ Loonzain 32% 204,800 112,640 92,160 100% 80% 20% 100% 55% 45% Total 100% 640,000 307,200 332,800 230,360 102,440 100% 48% 52% $ $ $ $ Dollar sales to break-even = Fixed expenses CM ratio $230,360 0.52 = $443,000 As shown by these data, net operating income is budgeted at $102,440 for the month and the estimated break-even sales is $443,000. Assume that actual sales for the month total $640,000 as planned. Actual sales by product are: White, $204,800; Fragrant, $256,000; and Loonzain, $179,200. 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. 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 Loonzain Total White % Percentage of total sales 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