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% $ 128,000 100% 102,400 80% $ 25,600 20% 100% 30% 70% Loonzain 32% $ 204,800 100% 112,640 55% $ 92,160 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. White Total Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant % % % % % 0 % $ 0 0 % $ Loonzain % Percentage of total sales % % % % % % 0 % $ 0 0 0 % 0 $ 0 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 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