Problem $2-21($Algo$)$ Sales Mix; Multiproduct Break$-$Even Analysis $[$LO$2-9]$

Gold Star Rice, Limited, of Thailand exports Thai 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:

Dollar sales to break$-$even $=$ Fixed expenses $CM$ ratio $=$$$230,3600\mathrm{.}52=$$$443,000$

As shown by these data, net operating income is budgeted at $$123,240$ for the month and the estimated break$-$even sales is

$$443,000.$

Assume that actual sales for the month total $$680,000$ as planned; however, actual sales by product are: White, $$217,600$; Fragrant,

$$272,000$; and Loonzain, $$190,400.$

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.

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