Gold Star Rice, Ltd$.,$ 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 $=\frac{\text{F}\text{i}\text{x}\text{e}\text{d}\text{e}\text{x}\text{p}\text{e}\text{n}\text{s}\text{e}\text{s}}{CM\text{r}\text{a}\text{t}\text{i}\text{o}}=\frac{\text{\$}224,120}{0\mathrm{.}52}=$$$431,000$

As shown by these data, net operating income is budgeted at $$124,280$ for the month and the estimated break$-$even sales is $$431,000.$

Assume that actual sales for the month total $$670,000$ as planned. Actual sales by product are: White, $$214,400$; Fragrant, $$268,000$; and Loonzain, $$187,600.$

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.

Required $1$

Required $2$

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