Do not give answer in image 143tsSkippedebookProblem 5-21 (Algo) Sales Mix; Multiproduct Break-Even Analysis [LO5-9)Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrant, andLoonzain. Budgeted sales by product and in total for the coming month are shown below:ProductPercentage of total salesSalesVariable expensesContribution marginFixed expensesNet operating incomeWhite48%$364,800109,440$ 255,360Fragrant20%100% $152,00030% 121,600$ 30,40070%Loonzain32%100% $243,20080% 133,760201$ 109,440Complete this question hy entering voor aneware in the100%55%458Required: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.Total100%Dollar sales to break-even-Fixed expenses/CM ratio-$228.280/0.52-$439,000As shown by these data, net operating income is budgeted at $166,920 for the month and the estimated break-even sales is$439,000.$760,000364,800395,200220,200$ 166,920Assume that actual sales for the month total $760,000 as planned; however, actual sales by product are: White, $243,200; Fragrant,$304,000; and Loonzain, $212,800.100%481520 Complete this question by entering your answers in the tabs below.Required 1 Required 2Prepare a contribution format income statement for the month based on the actual sales data.Gold Star Rice, LimitedContribution Income Statement4Percentage of total sales$White0%%%0%Required 1 Required 2$Fragrant0%Product%%0% $< Required 1Loonzain%0< Required 1Complete this question by entering your answers in the tabs below.%0%Required 2 >Required:1. Prepare a contribution format income statement for the month based on the actual sales data.2. Compute the break-even point in dollar sales for the month based on your actual data.$Required 2 >Total0As shown by these data, net operating income is budgeted at $166,920 for the month and the estimated break-even sales is$439,000.0Assume that actual sales for the month total $760,000 as planned; however, actual sales by product are: White, $243,200; Fragrant,$304,000; and Loonzain, $212,800.%%%0%Compute the break-even point in dollar sales for the month based on your actual data. (Do not round intermediatecalculations. Round your answer to the nearest whole dollar amount.)Break-even point in dollar sales

Identifying the break-even point allows businesses to estimate the level of sales or output required…

Break-Even Analysis [LO5-9] 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 White 48% Fragrant 201 Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Net operating income Dollar sales to break-even-Fixed expenses/CM ratio $228.280/0.52-$439,000 As shown by these data, net operating income is budgeted at $166.929 for the month and the estimated breat $364,800 109,440 $ 255,360 Loonzain 32% 100% $152,000 30% 121,600 70% $ 30,400 100% $243,200 80% 133,760 20% $109,440 100% 55% 458 Total 100% $760,000 364,800 395,200 220,200 $ 166,920 ma 100% 48% 524