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Problem 5-21A Sales Mb; Multiproduct Brea-Even Analysis [LO5-91 Gold Star Rice. Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-Fragrant, White, and Loonzain. Budgeted sales by product and in total for the coming month are shown below White 48% Total 100% Fragrant 20% Percentage of total sales Sales $355.200 100% $148,000 100% $236,800 100% $740.000 100% 100.500 30% 118.400 80% 130.240 55% 355.200 48% Variable expenses Contribution margin Fixed expenses Net operating income $248,640 70% $29.600 20% $108,560 45% 384,800 52% 226,200 158.800 S220-200 435.000 ar sales to break even Fxed expenses saies at 5435 bohese data net operating income is budgetied at $158,80 fer the manth and bresk even CM ratio 0.52 sales at $435,00 Assume that actual sales for the month total $740,000 as planned. Actual sales by product are: White, $236,800; Fragrant, $298.000 and Loonzain, $207.200 Required 1. Prepare a contribution format income statement for the month based on actual sales dats. Gold Star Rice, Ltd. Contribution Income Statement Product Fragrant White Loonzain Total Percentage of tota 1001% ales $ 236.800 100 %rs 298.000 1001% S 207.200 740.000 ariable expenses Contribution margin S 236.800 1001%is 298.000 100|%| S 207 200 740.000 228.200 S513 800 1001% 1001 xed expenses 2 Corno. te the Orex-even co answer to nearest whole dollar.) n ablar sa as for the month baseo o, your actual data, (Round your

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