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	$	355,200	100%	$	148,000	100%	$	236,800	100%		$	740,000		100%
Variable expenses		106,560	30%		118,400	80%		130,240	55%			355,200		48%
Contribution margin	$	248,640	70%	$	29,600	20%	$	106,560	45%			384,800		52%
Fixed expenses												227,240
Net operating income											$	157,560

Dollar sales to break even =	Fixed expenses	=	$227,240	= $437,000
	Unit CM		$0.52

As shown by these data, net operating income is budgeted at $157,560 for the month and break even sales at $437,000.

Assume that actual sales for the month total $740,000 as planned. Actual sales by product are: White, $236,800; Fragrant, $296,000; and Loonzain, $207,200.

Required:

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

Gold Star Rice, Ltd.Contribution Income StatementProduct

Product

	White			Fragrant			Loonzain			Total
Percentage of total sales

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.)

Break-even point in sales dollars