Gold Star Rice, Ltd$,$ of Thalland exports Thail rice throughout Asia. The company grows three varieties of rice$-$White, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below:

$\backslash$table$[[\backslash$table$[[$Percentage of total sales$],[$Sales$]],$Product$],[$White$,$Fragrant,Loonzain,Total$],[488,208,32,1008],[$$$292,800,100,$$$,122,000,100,$$$,195,200,100,$$$,610,000,1008],[$Variable expenses,$87,840,308,,97,600,808,,107,360,55,,292,800,488],[$Contribution margin,$$204,960,708,$$$,24,400,20?,$$$,87,840,45,,317\mathrm{.}200,528],[\backslash$table$[[$Fixed expenses$],[$Net operating income$]],,,,,,,,,,224,120,],[,,,,,,,,$$$,93,080,]]$

Dollar sales $to$ break$-$even $=\frac{\text{F}\text{i}\text{x}\text{e}\text{d}\text{e}\text{x}\text{p}\text{e}\text{n}\text{s}\text{e}\text{s}}{CM\text{r}\text{a}\text{t}\text{i}\text{o}}=\frac{\text{\$}224,120}{0\mathrm{.}52}=$$$431,000$

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:

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

Compute the break$-$even point in dollar sales for the month based on your actual data.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

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

$\backslash$table$[[$Gold Star Rice, Ltd$.],[$Contribution Income Statement$],[,$Product,$],[,$White,Fragrant,Loonzain,Total$],[$Percentage of total sales,$\%,\%,\%,\%$