Dollar sales to break$-$even $=$ Fixed expenses $$ CM ratio $=$$$230,3600\mathrm{.}52=$$$443,000$

As shown by these data, net operating income is budgeted at $$102,440$ for the month and the estimated breakeven is

$$443,000.$

Assume actual sales for the month total $$640,000$ as planned; however, actual sales by product are White, $$204,800$; Fragrant,

$$256,000$; and Loonzain, $$179,200.$

Required:

Prepare a contribution format income statement for the month based on the actual sales data.

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.

Required $1$

Prepare a contribution format income statement for the month based on the actual sales data.

Gold Star Rice, Limited

Contribution Income Statement