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 $\frac{?}{CM}$ ratio $=$$$225,\frac{680}{0\mathrm{.}52}=$$$434,000$

As shown by these data, net operating income is budgeted at $$86,320$ for the month and the estimated break$-$even sales is $$434,000.$

Assume that actual sales for the month total $$600,000$ as planned; however, actual sales by product are: White, $$192,000$; Fragrant,

$$240,000$; and Loonzain, $$168,000.$

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.

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Required $1$

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