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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 % $364,800 109,440 $ 255,360 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100 % Fragrant 20 % $ 152,000 121,600 $ 30,400 100 % 30 % 70 % Product Loonzain Total 32% 100 % 100 % $ 243,200 100 X $760,000 80 % 133,760 55 364,800 20% $ 109,440 45 395,200 227,760 $ 167,440 52 % Dollar sales to break-even Fixed expenses $227,760 -$438,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $167,440 for the month and the estimated break-even sales is $438,000. Assume that actual sales for the month total $760,000 as planned; however, 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. 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 Total Loonzain % % % % Percentage of total sales % % % % % % % % Required 2 > UN PUUVIUI JUICS FUI E III Daseu 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. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in dollar sales

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