Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceFragrant, White, 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		20%			52%			28%			100%
Sales	$	150,000	100%	$	390,000	100%	$	210,000	100%	$	750,000	100%
Variable expenses		108,000	72%		78,000	20%		84,000	40%		270,000	36%
Contribution margin	$	42,000	28%	$	312,000	80%	$	126,000	60%		480,000	64%
Fixed expenses											449,280
Net operating income										$	30,720

Dollar sales to break even	=	Fixed expenses	=	$449,280	= $702,000
		CM ratio		0.64

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

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

Required:
1.	Prepare a contribution format income statement for the month based on actual sales data.
	how to find total percentage

Gold Star Rice, Ltd.
Contribution Income Statement
	Product
	White			Fragrant			Loonzain			Total
Percentage of total		%			%			%		100	%
Sales	$300,000	100	%	$180,000	100	%	$270,000	100	%	$750,000	100	%
Variable expenses	216,000	72	%	36,000	20	%	108,000	40	%	360,000	48	%
Contribution margin	$84,000	28	%	$144,000	80	%	$162,000	60	%	390,000	52	%
Fixed expenses										449,280
Net operating loss