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		48%			20%			32%			100%
Sales	$	350,400	100%	$	146,000	100%	$	233,600	100%	$	730,000	100%
Variable expenses		105,120	30%		116,800	80%		128,480	55%		350,400	48%
Contribution margin	$	245,280	70%	$	29,200	20%	$	105,120	45%		379,600	52%
Fixed expenses											226,200
Net operating income										$	153,400

Dollar sales to break even	=	Fixed expenses	=	$226,200	= $435,000
		CM ratio		0.52

As shown by these data, net operating income is budgeted at $153,400 for the month and break even sales at $435,000.

Assume that actual sales for the month total $730,000 as planned. Actual sales by product are: White, $233,600; Fragrant, $292,000; and Loonzain, $204,400.

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

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

Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice Fragrant, White, and Loonzain. Budgeted sales by product and in total for the coming month are shown below Product ite 48% Total 100% 32% Percentage of total sales Sales 20% S350.400 100% s148,000 100% s233,600 100% S730.000 100% 128,480 55% 350,400 48% Varable expenses 105.120 30% 116.800 80% Contribution margin Foxed expenses S245.280 70% s 29,200 20% S105.120 45% 379.600 52% 228,200 Net operating income 5 153,400 Dollar sales to break evenFKed expenses. - $226 200 -$435,000 CM ratio As shown by these data, net operating income is budgeted at $153,400 for the month and break even sales at 5435,000 Assume that actual sales for the month total 5730,000 as planned. Actual sales by product are: White, 5233,600; Fragrant, $292,000, and Loonzain, 5204,400 Required 1. Prepare a contribution format income statement for the month based on actual sales data. Contribution Income Statement Product White Total Percentage of total 2. Compute the break-even point in dollar sales for the month based on your actual data. (Round your final answer to the nearest whole dollar) k-even point in sales dollars