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3 10 points Total 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: Product Fragrant Lontain Percentage of total sales 20 100 Sales $ 354,800 100 % 152,000 100 $ 243,200 100 $760,000 Variable expenses 109,440 30 121,600 80 133,760 364,800 Contribution margin $ 255,360 70 $ 30,400 20 $ $ 109,440 45 395,200 52 Tixed expenses 229,140 Het operating income $ 165,360 eBook Print References Dollar sales to break-even - Tired expenses $229,340 CM ratio - $442,000 As shown by these data, net operating income is budgeted at $165,360 for the month and the estimated break-even sales is $442,000. Assume that actual sales for the month total $760,000 as planned. Actual sales by product are: White, $243,200; Fragrant, $304,000; and Loonzain. $212,800 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 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant White Loontain Total % Percentage of total sales % % % 0 % % 0% $ 0 0 % 0% $ 0 O $ 0 Required Required 2 >

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