Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceWhite, 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	48%		20%		32%		100%
Sales	$ 355,200	100%	$ 148,000	100%	$ 236,800	100%	$ 740,000	100%
Variable expenses	106,560	30%	118,400	80%	130,240	55%	355,200	48%
Contribution margin	$ 248,640	70%	$ 29,600	20%	$ 106,560	45%	384,800	52%
Fixed expenses							226,200
Net operating income							$ 158,600

Dollar sales to break-even = Fixed expenses CM ratio = $226,200 0.52 = $435,000

As shown by these data, net operating income is budgeted at $158,600 for the month and the estimated break-even sales is $435,000.

Assume actual sales for the month total $740,000 as planned; however, actual sales by product are White, $236,800; Fragrant, $296,000; and Loonzain, $207,200.

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.