White 483 $ 336,000 100,800 $ 235,200 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Fragrant 205 $ 140,000 112,000 $ 28,000 1000 300 700 1000 Product Loontain 32 1008 $ 224,000 808 123,200 200 $ 100,800 1000 551 45 Total 1001 $ 700,000 336.000 364,000 232,960 $ 131,040 488 520 Dollar sales to break-even = Fixed expenses / CM ratio = $232,960/0.52 = $448,000 As shown by these data, net operating income is budgeted at $131,040 for the month and the estimated break-even sales is $448,000. Assume that actual sales for the month total $700,000 as planned; however, actual sales by product are: White. $224,000, Fragrant $280,000; and Loonzain, $196,000. 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. Complete this question by entering your answers in the tabs below. Required 1. Required 2 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limited Contribution Income Statement Product Fragrant % White Loonzain Percentage of total sales Total % % % % 9 % % 0 % % % 0 % 0 0 % % 0 % $ 0 $ 0 0 $ 0 Required 1 Required 2 > on 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. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales