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 Fragrant Loonzain Total

Percentage of total sales $20\%52\%28\%100\%$

Sales $ $162,000100\%$ $ $421,200100\%$ $ $226,800100\%$ $ $810,000100\%$

Variable expenses $116,64072\%84,24020\%90,72040\%291,60036\%$

Contribution margin $ $45,36028\%$ $ $336,96080\%$ $ $136,08060\%518,40064\%$

Fixed expenses $482,560$

Operating income $ $35,840$

Break$-$even point in sales dollars $=$ Fixed expenses $-$: CM ratio

$=$ $$482,560-$: $0\mathrm{.}64$

$=$ $$754,000$

Break$-$even point in unit sales:

As shown by these data, operating income is budgeted at $$35,840$ for the month, break$-$even sales dollars at $$754,000.$

Assume that actual sales for the month total $$810,000(2,100$ units$)$; however, actual sales by product are White, $$324,000$; Fragrant, $$194,400$; and Loonzain, $$291,600.$

Required:

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

Compute the break$-$even point in sales dollars for the month, based on the actual data.

This part of the question is not part of your Connect assignment.