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	$	292,800		100	%	$	122,000		100	%	$	195,200		100	%	$	610,000		100	%
Variable expenses		87,840		30	%		97,600		80	%		107,360		55	%		292,800		48	%
Contribution margin	$	204,960		70	%	$	24,400		20	%	$	87,840		45	%		317,200		52	%
Fixed expenses																	224,120
Net operating income																$	93,080

Dollar sales to break-even	=	Fixed expenses	=	$224,120	= $431,000
		CM ratio		0.52

As shown by these data, net operating income is budgeted at $93,080 for the month and the estimated break-even sales is $431,000.

Assume that actual sales for the month total $610,000 as planned. Actual sales by product are: White, $195,200; Fragrant, $244,000; and Loonzain, $170,800.

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.