Gold Star Rice, Ltd., 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	$	316,800		100	%	$	132,000		100	%	$	211,200		100	%	$	660,000		100	%
Variable expenses		95,040		30	%		105,600		80	%		116,160		55	%		316,800		48	%
Contribution margin	$	221,760		70	%	$	26,400		20	%	$	95,040		45	%		343,200		52	%
Fixed expenses																	229,320
Net operating income																$	113,880

Dollar sales to break-even	=	Fixed expenses	=	$229,320	= $441,000
		CM ratio		0.52

As shown by these data, net operating income is budgeted at $113,880 for the month and the estimated break-even sales is $441,000.

Assume that actual sales for the month total $660,000 as planned. Actual sales by product are: White, $211,200; Fragrant, $264,000; and Loonzain, $184,800.

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.

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

Gold Star Rice, Ltd.
Contribution Income Statement
	Product
	White			Fragrant			Loonzain			Total
Percentage of total sales		%			%			%			%
			%			%			%			%
			%			%			%			%
	$0	0	%	$0	0	%	$0	0	%	0	0	%
										$0

• Compute the break-even point in dollar sales for the month based on your actual data. (Round your answer to the nearest whole dollar amount.)

  Break-even point in dollar sales