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 $CM$ ratio $=$$$449,2800\mathrm{.}64=$$$702,000$

As shown by these data, net operating income is budgeted at $$30,720$ for the month and the estimated break$-$even sales is $$702,000.$

Assume actual sales for the month total $$750,000$ as planned; however, actual sales by product are White, $$300,000$; Fragrant, $$180,000$; and Loonzain, $$270,000.$

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.

Complete this question by entering your answers in the tabs below.

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

$\backslash$table$[[$Gold Star Rice, Limited$],[$Contribution Income Statement$],[,$Product$],[,$White,Fragrant,Loonzain,Total$],[$Percentage of total sales,$\%,,\%,,\%,,\%,],[,,\%,,\%,,\%,,\%$