Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice$-$White, Fragrant, and Required $1$

Required $2$

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

Loonzain. Budgeted sales by product and in total for the coming month are shown below:

Dollar sales to break$-$even $=$ Fixed expenses $CM$ ratio $=$$$229,3200\mathrm{.}52=$$$441,000$

As shown by these data, net operating income is budgeted at $$87,880$ for the month and the estimated break$-$even sales is $$441,000.$

Assume that actual sales for the month total $$610,000$ as planned; however, actual sales by product are: White, $$195,200$; Fragrant,

$$244,000$; and Loonzain, $$170,800.$

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.