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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: Dollat sales to break-even = Fixed expenses /CM ratio =$449,280/0.64=$702,000 As shown by these data, net operating income is budgeted at $30,720 for the month and the estimated break-even sales is $702.000. Assume that actual sales for the month fotal $750,000 as planned; however, actual sales by product are: White, $300,000; Fragrant, $180,000; and Loonzain, $270,000. Required: 1. Piepare 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. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a contribution format incorne statement for the month based on the actual sales data. Assume that actual sales for the month total $750,000 as planned; however, actual sales by product are: White, $300,000; Fragr $180,000; and Loonzain, $270,000. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediate calculations.)

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