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White 201 $ 150,000 108,000 $ 42,000 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income 100 720 2B Product Fragrant Loonzain 52 288 $ 390,000 1003 $ 210,000 78,000 201 84,000 $ 312,000 808 $ 126,000 10 4 6 Dollar 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 total $750,000 as planned; however actual sales by product are: White, $300,000; Fragrant, $180,000; and Loonzain, $270,000. Required: 1. Prepare a contribution format income statement for the month based on the actual saldata. 2. Compute the break-even point in dollar sales for the month based on your act Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limd Contribution Income Statement Product Fragrant % Loonzain Total While % Percentage of total sales % % % % % % % % % % 94 Complete this question by enterite 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.) Break-oven point in dollar sales

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