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	$	307,200		100	%	$	128,000		100	%	$	204,800		100	%	$	640,000		100	%
Variable expenses		92,160		30	%		102,400		80	%		112,640		55	%		307,200		48	%
Contribution margin	$	215,040		70	%	$	25,600		20	%	$	92,160		45	%		332,800		52	%
Fixed expenses																	232,960
Net operating income																$	99,840

Dollar sales to break-even	=	Fixed expenses	=	$232,960	= $448,000
		CM ratio		0.52

As shown by these data, net operating income is budgeted at $99,840 for the month and the estimated break-even sales is $448,000.

Assume that actual sales for the month total $640,000 as planned. Actual sales by product are: White, $204,800; Fragrant, $256,000; and Loonzain, $179,200.

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.