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Sold Star Rice, Limited, of Thalland exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrant, and Loonzain. Budgeted sales by product

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Sold Star Rice, Limited, of Thalland 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: Dollar sales to break-even = Fixed expenses / CM ratio =$230,880/0.52=$444,000 As shown by these data, net operating income is budgeted at $127,920 for the month and the estimated break-even sales is $444,000. 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 bosed on the actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data. Prepare a contribution format income statement for the month based on the actual sales data. 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. Compute the break-even point in dollar sales for the month based on your actual data. Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount

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