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Gold Star Rice, Limited, 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 Pragrant Loonzain 200 32 White 488 $ 384,000 115,200 $ 268,800 1001 300 700 $ 160,000 128.000 $ 32,000 1001 800 200 5 256,000 140.800 $ 115,200 1008 550 450 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating Income Total 1001 $ 800,000 384,000 416,000 233, 4B0 $ 182,520 1000 488 520 Dollar sales to break-even = Fixed expenses/CM ratio = $233,480 / 0.52 - $449,000 As shown by these data, net operating income is budgeted at $182,520 for the month and the estimated break-even sales is $449,000 Assume that actual sales for the month total $800.000 as planned; however, actual sales by product are: White, $256,000; Fragrant $320,000; and Loonzain, $224,000. 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. 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 Produit 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 White Fragrant Loonzain Porcentage of total sales % % % % % % % $ $ 0 Total % % % % % 0 % 0 ol% 0 0 % 0 % 0 $ 0 Required 2 > 528 458 200 701 $ 268,800 $ 32,000 $ 115,200 Contribution margin Fixed expenses Net operating income 416,000 233, 480 $ 182,520 Dollar sales to break-even = Fixed expenses/CM ratio = $233.480/0.52 - $449,000 As shown by these data, net operating income is budgeted at $182,520 for the month and the estimated break-even sales is $449,000. Assume that actual sales for the month total $800,000 as planned; however, actual sales by product are: White, $256,000; Fragrant, $320,000; and Loonzain, $224,000. 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. 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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