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.

Dollar sales to break$-$even $=$ Fixed expenses $CM$ ratio $=$$$226,7200\mathrm{.}52=$$$436,000$

As shown by these data, net operating income is budgeted at $$137\mathrm{.}280$ for the month and the estimated breakeven sales is $$436,000.$

Assume actual sales for the month total $$700\mathrm{.}000$ as planned; however, actual sales by product are White, $$224\mathrm{.}000$; Fragrant, $$280,000$; and Loonzain, $$196,000.$

Required:

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.

Required $1$

Required $2$

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