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Gold Star Rice, Limited, of Thalland exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrant, and .oonzain. Budgeted sales by product and in total for the coming month are shown below: Dollar sales to break-even = Fixed expenses /CM ratio =$223,600/0.52=$430,000 As shown by these data, net operating income is budgeted at $166,400 for the month and the estimated break-even sales is $430,000. Assume that actual sales for the month total $750,000 as planned; however, actual sales by product are: White, $240,000; Fragrant. $300,000; and Loonzain, $210,000. 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. Prepare a contribution format income statement for the month based on the actual sales data. As shown by these data, net operating income is budgeted at $166,400 for the month and the estimated break $430,000. Assume that actual sales for the month total $750,000 as planned; however, actual sales by product are: White, $300,000; and Loonzain, $210,000. 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. 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.)

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