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 Total

White Fragrant Loonzain

Percentage of total sales $48\%20\%32\%100\%$

Sales $ $360,000100\%$ $ $150,000100\%$ $ $240,000100\%$ $ $750,000100\%$

Variable expenses $108,00030\%120,00080\%132,00055\%360,00048\%$

Contribution margin $ $252,00070\%$ $ $30,00020\%$ $ $108,00045\%$ $ $390,00052\%$

Fixed expenses $227,760$

Net operating income $ $162,240$

Dollar sales to break$-$even $=$ Fixed expenses$/$CM ratio $=$ $$227,760/0\mathrm{.}52=$ $$438,000$

As shown by these data, net operating income is budgeted at $$162,240$ for the month and the estimated break$-$even sales is $$438,000.$

Assume that actual sales for the month total $$750,000$ as planned; however, actual sales by product are: White, $$240,000$; Fragrant, $$300,000$; and Loonzain, $$210,000.$

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.